SCUBA diving activities normally occur at depths of no more than 120 feet. At 250 feet, air becomes toxic due to changes caused by the high pressures at such depths. For those who do very deep sea research, they often use diving bells, dry dive suits, and other types of very deep ocean exploration vessels. In some of these, a highly helium-saturated atmosphere is used to avoid the air toxicity effect.
The purpose of a helium release valve is for people who wear their watch inside the helium-saturated environment for an extended period. Because helium is the smallest atom, it will seep through the watch’s seals under the high air (not water) pressures in this environment. If the watch stays in this environment for an extended time, helium will continue to seep in to the watch until the air pressure inside the watch (initially surface air pressure) equalizes to the air pressure in the environment.
This becomes a problem when the vessel is brought back up and depressurized. The helium which seeped into the watch over a couple of days, cannot seep out any faster. The excess pressure inside the watch needs a way to release faster than it seeped in. It is only in this situation that a watch needs a helium relief valve at all. If a relief valve was not on the watch, the excess pressure would likely escape by pushing the crystal out.
That’s why the helium release value is useless to most people, because most people rarely find themselves in the situation described above, and therefore, have no need to release helium. So why do watches include it? Because it’s an interesting feature that makes the watch more exotic. An fun feature to have, but you’ll likely never need it.
However, there is one thing you should remember in regards to this valve: never leave it open. It serves no purpose and increases the risk of damage, though it’s designed to still be water resistant with the valve open.