It was very convenient for me to have my headphones plugged into the monitor. Made it so I could plug a single cable over to my laptop and have basically everything else already done.
Every monitor I've ever had has had terrible coil-whine from the headphone jack. I always try them for exactly this reason, and get super annoyed each time. It didn't have to be this way!
I have this problem on my gaming monitor, thankfully it also has USB-A ports so a cheap adapter has solved it.
I have no idea if there are downsides to audio over USB-A but for my fairly basic use case (“being able to hear things and not hear coil whine”) it works pretty well.
An audio jack is very common. Some even come with speakers. They are usually not very good but they get the job done in a pinch.
I use 2 computers connected to the same monitor via hdmi and use barrier (and a script) to switch screens. The audio for the correct monitor gets activated automatically. It's very convenient.