This system was created to minimize file lengths and to preserve sound quality.
Higher frequencies generally needs more space for encoding (thats why many codecs cut all frequencies above cca 16kHz) and lower tones requires less. So if some part of song doesnt consist of higher tones then using eg. 192kbps is wasting of space. It should be enough to use only eg. 96kbps.
And it is the principle of VBR. Codec looks over frame and then choose bitrate suitable for its sound quality.