Sorry hun, I've been overwhelmed and unable to post the last 3 or 4 days. Okay so, Hematite:
It simultaneously opens the root and crown chakras allowing for a dramatic flow of energy through the entire chakra system. It is strongly protective and can take undesireable energy residues from your aura and flow them into the ground to be recycled and re-used as fresh new energy...Thus, it is kind of a recycling agent in terms of energy. Its key words are "Manifest Light"--that is it brings light from the farthest reaches of the etheric plane and brings it down to the physical plane. Note that the etheric plane is very connected to the earth plane and so this stone acts as a conduit for electromagentic Earth energy to flow, alter, decay and grow. I suppose you could link this stone with "The Pope" or "Hierophant" card in the Tarot as it too is a manifester of spiritual light on earth. I have 4 hematites now and each one has a subtly different pulse. One of them gets me dizzy everytime, as if it were a high energy spiritual stone like Herderite, Brookite, or Moldavite. But, another one I have you can actually feel the energy draw down into your spinal column, through the root chakra into the legs, and earthstar chakra at the soles of the feet and into the earth, as if it were akin to a lower physical stone like Black Obsidian or Spider Jasper. I suggest that you work with a few specimens to see the energetic differences. Hematites can run the gamut of energies to offer. There is now, on the market, some Magnetic Hematite specimens that really bring the energy down, but I advise caution with this as it can really mess with your energy systems if you don't work usually with magnetic stones like this or Lodestone. Plus, the crafts-people have found a way to synthetically magnetize the Hematites so it is not a "natural" magnetic charge like Lodestone.
What's it for? Pretty much anything you can think of! Happy Hematiting. . .