There is no key binding in Platinum. the only way to go into Offset mode is by the dedicated button in the Control Bar.*
OP, I use it when I've carefully crafted an envelope and find I need to raise or lower the whole track by a set dB value.
This is in the case where using the track input gain would upset the inputs into Dynamics processors
- Engage Offset mode
- Adjust fader
- Go back to envelop Mode
If you engage it and leave it in you can easily end up with a horrific mess!
* Edit to add:
In previous versions the key binding was 'o' but many users remapped it to something less likely to be hit accidentally.