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The function handle operator in MATLAB acts essentially like a pointer to a specific instance of a function. Some of the other answers have discussed a few of its uses, but I'll add another use here that I often have for it: maintaining access to functions that are no longer "in scope".
For example, the following function initializes a value count, and then returns a function handle to a nested function increment:
function fHandle = start_counting(count)
disp(count);
fHandle = @increment;
function increment
count = count+1;
disp(count);
end
end
Since the function increment is a nested function, it can only be used within the function start_counting (i.e. the workspace of start_counting is its "scope"). However, by returning a handle to the function increment, I can still use it outside of start_counting, and it still retains access to the variables in the workspace of start_counting! That allows me to do this:
>> fh = start_counting(3); % Initialize count to 3 and return handle
3
>> fh(); % Invoke increment function using its handle
4
>> fh();
5
Notice how we can keep incrementing count even though we are outside of the function start_counting. But you can do something even more interesting by calling start_counting again with a different number and storing the function handle in another variable:
>> fh2 = start_counting(-4);
-4
>> fh2();
-3
>> fh2();
-2
>> fh(); % Invoke the first handle to increment
6
>> fh2(); % Invoke the