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2 Timothy 3:16, KJV: "All scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness:"
As such, this written Scripture serve as some sort of good purposes in a believer's life. It is perfect. Because all Scripture is perfect, it is "profitable" for many areas of life.
According to the bible verse, four key areas are being outlined, which are;
First, Scripture is profitable for teaching. It is to be used to instruct people to know God better.
Second, Scripture is profitable for reproof or rebuke, the idea of exposing or pointing out sin.
Third, Scripture is useful for correction. Scripture both points out sin and offers a solution to it.
Fourth, Scripture is profitable for training in righteousness. Though similar to teaching, training is more focused on practical application.
From Scripture we learn what is true, what is wrong, how to correct wrong, and how to apply truth.
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