IMO, circular buffers with two advancing pointers are an awesome data structure for high performance compute. They're used in virtualized network hardware (see virtio) and minimizing Linux syscalls (see io_uring). Each ring implements a single producer, single consumer queue, so two rings are usually used for bidirectional data transfer.

It's kinda obscure because the need for asynchronous-transfer queues doesn't show up that often unless dealing with hardware or crossing outside of a single CPU. But it's becoming relevant due to coprocessors (ie small ARM CPUs attached to a main CPU) that process offloaded requests and then quickly return the result when ready.