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What would be the benefits of space elevator?

Lets imagine for the sake of the argument it is possible to build it what would be the benefits from doing so? It would be out of function as soon as any of the junk in orbit hits it, or even satellites which would then be double damageBut besides that, what practical use would there even be from space elevator in Earths orbit?

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The obvious advantage is cheap and easy access to spaceCan you imagine how difficult it is to take something the size of a house and send it 200 miles high while accelerating it to 5 miles per second? A space elevator would simplify that greatly, however, since all the needed energy is stored in the cable itselfBut as you indicated, there are also inherent problems with space debrisIt would all need to be cleared first, because if an impact snaps the cable all that energy would come crashing back to the ground again with catastrophic results.

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