The video discusses quantum simulation as an exciting application of quantum computers. It delves into condensed matter physics, which explores the properties of solids and liquids. The field has led to groundbreaking technologies like semiconductors, computers, and the internet. The video explains how materials are configurations of atoms with unique properties waiting to be discovered. Superconductivity, where materials conduct electricity with zero resistance at low temperatures, is highlighted as a key area of interest for potential room-temperature superconductors.