Was it the ability to change the cross-connection in the event of faults?
I've also heard the term flexibility point.
Flexibility point is a valid generic description, but whilst all PCPs (and SCPs) can be 'flexibility points', not all flexibility point are (P|S)CPs.
The original intent was to allow an access point where line routing can be easily manipulated - either for provision or repair - without the need for specialist skills or equipment. Remember that the majority of cabinets were installed at the time of hot (lead)/cold/resin joints which are a PITA and time consuming to open and close.
From a routing perspective, it allows some latitude when you have a choice of several E-side cables than can be connected to multiple DPs - particularly if the preferred route has issues, as an alternative may be available to provide service sooner than pulling in new cables with the inevitable hassle and delays.