Cannon thread can have various uses, so I can say its a versatile cotton thread. We can use different sizes of hooks, or use them in double or triple strands (as I've mentioned before). We can also try out different kinds of patterns and use it to substitute for more expensive yarns.
I've just checked out my project page on Ravelry and so far I had entered 200 projects made from Cannon threads :)
Here are some of my latest projects: