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Definition of utility : 1. Adaptation to satisfy the desires or wants; intrinsic value. See Note under Value, 2.
2. Happiness; the greatest good, or happiness, of the greatest number, - the foundation of utilitarianism.
3. The quality or state of being useful; usefulness; production of good; profitableness to some valuable end; as, the utility of manure upon land; the utility of the sciences; the utility of medicines.

Synonyms:

receipts, emolument, expediency, advantage, gain, adequacy, profit, account, proceeds, public utility company, monopoly, returns, favor, efficacy, used, good, utility program, business, substitute, inferior, value, service program, efficiency, secondary, improvement, public-service corporation, return, avail, utility-grade, public utility

exertion, use, application, function, operation, employment, utilization, exercise, usage, practice, service, conduct

appropriateness, suitability, fittingness, merit, functionality, helpfulness, usefulness, practicality, instrumentality, serviceability, advantageousness, benefit, facilitation

doodad, gimcrack, gizmo, contraption, facility, widget, instrument, contrivance, appliance, gimmick, utensil, convenience, engine, apparatus, device, machine, implement, tool, gadget, equipment

Usage examples:

• Without freedom of speech freedom of thought is robbed of the better part of its utility, even if its existence is not threatened. - "A Grammar of Freethought", Chapman Cohen.
• The subject would require a separate work; and I may perhaps one day engage in it; but until that arrives I shall always feel gratification in communicating to cultivators, who wish to follow my method, directions of which long practice has demonstrated the utility. - "New observations on the natural history of bees", Francis Huber.
• Buzanval, the French envoy, amazed at the spectacle, protested that his works " were rather worthy of the grand Emperor of the Turks than of, a little commonwealth, which only existed through the disorder of its enemies and the assistance of its friends;" but he admitted the utility of the stadholder's proceedings to be very obvious. - "Project Gutenberg History of The Netherlands, 1555-1623, Complete", John Lothrop Motley.