You can personally work out how apply this one in engineering today!
If you have a spare hour or two, I'd encourage you to have a go at learning (however you learn best - I like just asking smarter people or robots stupid questions) what the maths means and why it's important.
And then once you feel like you have a vague grip on the principles, think about a problem in a domain you know a lot about. Try to see if the maths - and how it's changed our perception - could be used as a tool to solve that problem, or if the solution is analogous to a solution you could try in your own domain of expertise.
LLMs are good at speeding up, I think, the journey an idea has to take between "theoretical academic stuff for academics" and "a usable idea for regular people", because they increasingly allow you to ask an infinite number of stupid questions and give you (hopefully) reasonably good responses.
I've had loads of fun doing this today - specifically seeing if the idea this counter (from what I understand: a many-to-one conversion that kind of does and kind of does not preserve meaning) can tell me anything about the relationship between language and meaning.
I'm sure everything I've done today while mucking around has been the equivalent of a monkey with a typewriter (and Codex), but I think the huge breakthrough(s) you ask whether we're on the cusp of are relatively dependent on how many monkeys are throwing typewriters at problems they know a little bit about, after learning a bit about new ideas like this one. Historically, that's a really good way for broad cultural innovation to happen - distributed information applied across multiple domains by experts in them.