In Herlihy and Wing’s seminal paper introducing linearizability, they mention an important advantage of this consistency model:
Unlike alternative correctness conditions such as sequential consistency  or serializability , linearizability is a local property: a system is linearizable if each individual object is linearizable.
Locality is important because it allows concurrent systems to be designed and constructed in a modular fashion; linearizable objects can be implemented, verified, and executed independently. A concurrent system based on a nonlocal correctness property must either rely on a centralized scheduler for all objects, or else satisfy additional constraints placed on objects to ensure that they follow compatible scheduling protocols.
This advantage is not shared by sequential consistency, or its multi-object cousin, serializability. This much, I knew–but Herlihy & Wing go on to mention, almost offhand, that strict serializability is also nonlocal!