As topological semimodules $F(S)$ are both $F^{\circ}(S)$ are both trivial, because they are discrete. On the other hand, as a topological vector space $\mathbb{R}^n$ is far more interesting because among other things it is also a manifold. The important thing for semigroup theory, is any finitely generated commutative semigroup is a quotient of $F(S)$.
If we consider $F(S)$ to consist of multisets, then the multiplicities in $F(S)$ are natural numbers, because $F(S)$ is a $\mathbb{N}$ semimodule. The extension from $F(S)$ to $\mathbb{R}^n$ can be seen as extending $\mathbb{N}$ to form a full continuum of multiplicities. The elements of $\mathbb{R}^n$ are real-valued sets.
Finally, it is worth asking why this approach works for commutative semigroups and if it can be generalized. In fact, it cannot be further generalized because both associativity and commutativity are fundamental to this construction. In a commutative magma all you would get are trees, and the words of the free non-commutative semigroup cannot be separated from one another to form points in a geometric space.
References:
[1] Finitely generated commutative semigroups
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