There are four core objectives PKI fulfills.
Authentication - confirming that someone is who they claim to be.
Confidentiality - encrypting data so only the authorized recipient can read it.
Integrity - guaranteeing data has not been altered in transit.
Non-repudiation - proving the origin of data so a sender cannot deny they sent it.
Most people only think of encryption when they hear PKI.
They are missing three quarters of the picture.