Yep, it's amazing what you can do when you've got ten million dollars per motor to spend, run on an extremely tightly controlled / very high quality fuel, and need to only run for about 1500 miles.
Much like space technology, a lot of tech that would never have been considered if there wasn't excess capital available eventually filtered down to "regular" applications.
There are numerous examples of tech developed for F1 that ended up in road cars.
Sadly, F1 is just a money-pissing contest.