It's often useful to put code snippets inline with prose. If the snippet is very short, breaking the paragraph flow for a code block is disruptive. It looks much better to put it inline and simply render it in a monospaced font. This is especially useful when discussing command line flags or identifiers used in a code block.

In JIRA it's possible to do this with double curly braces, for example {{someIdentifier}}. Unfortunately no such facility exists for Answers. I think a button should be added to the inline formatting set (with bold and italic) which applies a monospaced font.