Quadratic forms have significant real-life applications beyond sketching conics, particularly in optimization problems like the linear-quadratic regulator in control theory, which involves solving linear differential equations with quadratic constraints. They are also utilized in image processing, such as matching digital images of pupils with ellipses and aligning 3D MRI scans of hearts with ellipsoids. These applications highlight the versatility of quadratic forms in both theoretical and practical contexts. The discussion emphasizes their importance in various fields, including engineering and medical imaging. Overall, quadratic forms play a crucial role in solving complex problems across multiple disciplines.