One strength of research into misleading information is that it has important uses in the criminal justice system:
The consequences of inaccurate EWT are very serious
Police officers need to be careful about how they phrase their questions to eyewitnesses, since they can distort memories
This shows that psychologists can help to improve the way the legal system works, especially by protecting innocent people from faulty convictions based off unreliable EWT
Counterpoint to real-world application

However, the practical applications of EWT may be affected by issues with research:
e.g. Loftus and Palmer's participants watched videos of car crashes in a lab, which is very different to experiencing it in real life
Rachel Foster et al. (1994) pointed out that the eyewitnesses may have been less motivated to answer accurately as they knew it didn't matter much
This suggests that researchers such as Loftus may be too pessimistic about the effects of misleading information - EWT may be more dependable than studies suggest
Evidence against substitution

One limitation of the substitution explanation is that EWT is more accurate for some aspects of an event than others:
Rachel Sutherland and Harlene Hayne (2001) showed participants a video. When participants were later asked leading questions, their recall was more accurate for central details than peripheral ones
These memories were relatively resistant to misleading information
This suggests that the original memories for central details survived and were not distorted, which isn't predicted by the substitution explanation
Evidence challenging memory conformity
One limitation of the memory conformity explanation is evidence that post-event discussion actually alters EWT:
Elin Skagerberg and Daniel Wright (2008) showed their participants videos of a mugging. There were two versions - the mugger had light brown hair in one and dark brown in the other
Participants discussed the clips in pairs, each having seen different versions. They often did not report what they had seen or what they had heard from the PED, but rather a blend (e.g. answering that the mugger's hair was 'medium brown')