It grows slowly compared to softwoods. So, hardwood is relatively expensive. However, there are exceptions. For example, gum is a hardwood that comes at a price comparable with most types of softwood.
Hardwood is durable (less likely to decay and rot), comes with close grain, and requires low maintenance.
As it comes with low sap content and good fire resistance, hardwood is commonly used for wooden flooring. However, hardwood flooring is also revered for its varied natural colors, styles, and perforation plate patterns.
It is also used for making furniture. However, not all types of hardwood are ideal for making furniture.