Outdoor sunlight is varying heavily over the day, weather, location and time of year. Here up north we have months in a row when experiencing something similar to D50 is just a distant dream

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If your experiments needs a fixed reference for repeatability D50 is there, a standardized average type of daylight. Color science is built around standardized light sources, using simulators more often than real daylight. Without simulators it would be very difficult to make scientific work as it requires repeatability and agreed standards. In the textile and print industry using a fixed repeatable reference which clients agree on is also important, making simulators more suitable than real daylight.
A simulator must replicate the important properties of daylight. Halogen-based simulators lack the spikes you find in fluorescent simulators which can be important in some applications, camera profiling is one. In other applications UV-content is more important (making effect of OBA visible for example) and then fluorescent simulators can be better, although adding a specific UV light source beside your halogen simulator can be even better.
LED is the future in daylight simulators though, high end reference viewing stations from Just Normlicht for example has already LEDs, but they're still extremely expensive. A low cost alternative are UV-pumped white LEDs which look promising (Yuji seems to be the leading company on that tech), I'm not sure they can rival filtered halogens though.
According to data I've seen a voltage-tuned Solux 4700K seems to be performing just as good as a $5000 multichannel LED when it comes to simulating D50. Next step up is stacked daylight filtered halogens, which is $300, probably only mariginally better.