Concurrently is hugely useful. A instance of Applicative, its
<*> executes two IO actions concurrently (duh!) and, if one of the threads throws an exception, the other one is killed before re-throwing the exception. Very handy to ensure proper cleanup.
Conceit is similar to Concurrently, but the IO actions return an Either value. If both actions return with Right, the return values are combined. But if one of the actions returns with Left, the other action is immediately terminated and the Left value is returned. One could say that Conceit behaves like race for errors and like Concurrently for successful return values.
A Bifunctor instance is provided to help "massage" the errors.