if Ethereum is a distributed computing platform
It isn't; it's a replicated/redundant computing platform.
Fault-tolerant is a good term I think. Perhaps that helps define its (possible) utility too.
What if there are calculations that are so important and valuable that they can't be left to any one system or even a redundant cluster of system under any sort of common control? That might be worth something, but I don't think any of the currently-envisioned Ethereum use cases are that.