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"practical value" is correct and can be used in written English
You can use the phrase to describe the usefulness or effectiveness of something in a real-world situation. For example, "This book has a lot of practical value as it provides lots of tips and tricks for increasing efficiency on the job."
Exact(56)
Practical Value.
There was probably little practical value in the four practices held for the rookies over four days.
They have no practical value.
The name also had a practical value beyond branding.
Trouble is, many of these programs have no practical value.
There was, of course, great practical value in Graham's ecumenism.
Admittedly, the practical value of a truly independent I.M.F.
They are not, however, of great practical value.
The results were therefore of no practical value to investors.
This discipline is of great practical value in petroleum exploration.
"Let us remember that literature is of no practical value whatsoever.... " But practical value isn't the only kind of value.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com