i has nice real world analogues in the form of rotations by pi/2 about the origin (though this depends a little bit on what you mean by "real world analogue").

Since i=exp(ipi/2), if you take any complex number z and write it in polar form z=rexp(it), then multiplication by i yields a rotation of z by pi/2 about the origin because zi=rexp(it)exp(ipi/2)=rexp(i(t+pi/2)) by using rules of exponents for complex numbers.

More generally since any pair of complex numbers z, w can be written in polar form z=rexp(it), w=uexp(iv) we have wz=(ru)exp(i(t+v)). This shows multiplication of a complex number z by any other complex number w can be thought of in terms of rotating z by the angle that w makes with the x axis (i.e. the angle v) and then scaling the resulting number by the magnitude of w (i.e. the number u)

Alternatively you can get similar conclusions by Demoivre's theorem if you do not like complex exponentials.