Conformal field theory
The Hilbert space of physical states is a unitary module of the Virasoro algebra corresponding to a fixed value of "c". Stability requires that the energy spectrum of the Hamiltonian be nonnegative. The modules of interest are the highest weight modules of the Virasoro algebra.
Hilbert space
Many of the applications of Hilbert spaces exploit the fact that Hilbert spaces support generalizations of simple geometric concepts like projection and change of basis from their usual finite dimensional setting. In particular, the spectral theory of continuous self-adjoint linear operators on a Hilbert space generalizes the usual spectral decomposition of a matrix, and this often plays a major role in applications of the theory to other areas of mathematics and physics.