Yes, the first pair of parenthesis force the anonymous function to turn into a variable (stored expression) and the second launches evaluation/execution, so ( function(){} )() makes sense.
The utility: ?
For executing some code on load and isolate the used variables from the rest of the page especially when name conflicts are possible;
Replace eval("string") with
(new Function("string"))()
Wrap long code for " =?: " operator like:
result = exp_to_test ? (function(){... long_code ...})() : (function(){...})();