It's for both. Not filling your clothes and visor with bug splats is really nice, as well as the wind that is thrown more around/over you, which also greatly reduces noise.
In higher speeds it will somewhat affect the fuel usage, but hard to say exactly how much. Not a significant amount I'd say, being able to adjust mine.
Personally, I'd say if you're a touring/adventure biker like me, a windshield is really a good thing to have!