Not only does it provide us a grip as duffy said it is now also used to provide identification.
Supplement from 09/20/2007 06:27pm:
Fingerprints are formed when our skin contracts around our fingers aound the middle of pregnancy. The dermal ridges, patterns etc... formed are unique as this never happens in the same way twice. Fingerprints are the remnants of this process.
As far as I know they do not have a noticable effect on being able to grip things. For example people can have no fingerprints (due to accidents with acids and the like) but still grip things successfully. Also we have toeprints which are just as unique but obviously toes do not serve this purpose.
http://www.answerbag.com/q_view /23919 copy
I thought you might be intrested to see this site as there is a few answers on this subject.