A useful case for using lambdas is to improve the readability of long list comprehensions.
In this example loop_dic is short for clarity but imagine loop_dic being very long. If you would just use a plain value that includes i instead of the lambda version of that value you would get a NameError.
>>> lis = [{"name": "Peter"}, {"name": "Josef"}]
>>> loop_dic = lambda i: {"name": i["name"] + " Wallace" }
>>> new_lis = [loop_dic(i) for i in lis]
>>> new_lis
[{'name': 'Peter Wallace'}, {'name': 'Josef Wallace'}]
Instead of
>>> lis = [{"name": "Peter"}, {"name": "Josef"}]
>>> new_lis = [{"name": i["name"] + " Wallace"} for i in lis]
>>> new_lis
[{'name': 'Peter Wallace'}, {'name': 'Josef Wallace'}]
