As mentioned they are for custom jigs (clamping fixture) where you want to eliminate drill wander and don't want to spot drill. Common example is a jig for cross drilling tubing. It's hard to get the drill to start without wandering down the slope of the curve, especially if the hole is off center on the tube. Bushings are used as they are harder than the rest of the jig to prevent the drill from cutting them as well as to be easily replaceable when they do finally wear or need to change sizes.