It's not just for clogged filters, although it's possible for a filter to clog up very fast if you ever get coolant in the oil, for example. The bypass can be enough to save an engine in that case. Plus, if you're running thick oil, the filter (depending on size) might not flow enough when the oil is cold, so letting it bypass if needed during warmup is fine. If the bypass is properly set up, it'll require enough pressure drop across the filter before opening that it stays closed in most normal situations.