In analogy to -print-libgcc-file-name, this allows a caller to retrieve the full file name to the clang_rt part that contains the builtins. It depends on ToolChain::GetRuntimeLibPath(), posted at http://reviews.llvm.org/D10050.
This is particularly useful in -nostdlib situations where the caller still wants to use compiler-rt, where -rtlib=compiler_rt is ignored and there is no way to tell the compiler to link to compiler-rt. Still wanting to use the compiler runtime libraries with -nostdlib is a common wish, and even recommended in the GCC man page.