Loom is useful as an underlying mechanism for an IO monad. What I mean is that Java as language still lacks important features so they have to deliver half-baked things like that "structured concurrency". From my point of view these new abstractions are evil - the better ones were out there for a while.
For monofunctors: reliable error handling, an ability to re-interpret the same IO structure multiple times, better reasoning during refactorings due to referential transparency.
For bifunctors: the above plus explicit domain (expected) error encoding and even more reliable error handling.
Or this: https://hoogle.haskell.org/?hoogle=fork