That's not the only purpose for it having more than one in the flight plan. Here's a common training and potential real life scenario:
You have just gone missed and are in the MAHold. You decide a different approach to the same airport would be a better option. The IAF for the other approach is very close to the MAHold, so you don't have a lot of time to set up Direct to the new IAF, remove the current approach and load the new one.
The way the Garmins (except perhaps the 480) currently work, you cannot load the second approach while the current approach remains active; you can only activate it as a replacement. That means, for example, you can't set up for the second and keep the MAHold as an active waypoint with the next approach ready to go.
There are some work-arounds, but none of them are particularly satisfying (to me anyway).