(Assuming "precision" really meant "accuracy") The network equipment I work on requires sub microsecond time sync on the network for 5G providers and financial trading customers. Ideally they'd just get it from GPS direct, but that can be difficult to do for a rack full of servers. Most of the other PTP use cases I work with seem to be fine with multiples of microseconds, e.g. Audio/Video over the network or factory floor things like PLCs tend to be find with a few us over the network.

Perhaps a bit more boring than one might assume :).