Some of the products made from cracking are useful as fuels, since they have shorterchains than the alkanes you started with, making them more flammable so a better fuel
Alkenes react with oxygen in combustion reactions in the same way as other hydrocarbons, but they tend to burn in air with smoky flames because of incomplete combustion (meaning carbon or carbon monoxide is formed (CO))
The compound added splits into two groups and the two groups are added to the 2 different carbons in the C=C bond (each group can be added to either carbon)
H2 splits into 2 H's, H2O splits into a H and an OH, Br2 splits into 2 Br's (same for Cl2 or I2)