What’s gained is that the syntax mirrors the semantics. If you have a function “f : int -> bool -> int”, then “f 5” has type “bool -> int” and “f 5 true” has type “int”. It’s not like in Forth where you can’t tell from the syntax how many arguments a function takes.
That said, I do think right-associative function application may be more intuitive—I like having it in Perl, for example.