What's the point of making a woman your fiancee if there is no wedding taking place?

We know someone in that position. She's still a man's fiancee for 3 years. The man keeps extending the engagement and she's not happy about it. Many (even men) have been telling her she's getting strung along.

She's just like the girlfriend that never gets proposed. The only difference is she's there waiting with the ring. Why would a man buy a good ring, propose but never proceed with the wedding date? Why keep a woman as a fiancee if there is no wedding?

What's the point of making a woman your fiancee if there is no wedding taking place?
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