Material design makes a huge emphasis on the metaphor of "sheets of paper". To make these, shadows are essential. Since Material design is a philosophy and not an API (despite it being built into L), this should be done anywhere (Windows Forms, HTML/CSS, etc.). How do I do this in Android API 14 to 20?
Note that premade PNGs won't really be that practical for circular and other non-square shapes.
If you're not worried about backwards compatibility past Lollipop, you can set the elevation Attribute directly in the XML
android:elevation="10dp"
Otherwise you have to set it in Java using the support.v4.ViewCompat library.
ViewCompat.setElevation(myView, 10);
and add this to your build.gradle
compile 'com.android.support:support-v4:21.+'