Your apps should be in the Applications folder anyway.
It is the same folder as in the finder just displayed differently. You can also switch it to either grid or list. I find list to be the most useful for a normal - big sized Application folder. Grid works too if you like big icons. Fan is only eye candy that doesn't work past 8-10 items.
Really for the most part if you need an App, that you don't have in the dock because you don't use it all the time, just use spotlight (or Alfred).
You hit CMD+Space and type 'ip' and hit enter and it will open iphoto. Once you get that, you start to feel sorry for people who need three clicks with eagle eye search system to open some app.
The Application folder is for when you know you had an app that could do something but you use it so rarely, you don't even know its name, or you are a horrible typist. The typist part can be fixed and should be in our computer centric world asap.