I use it quite a lot, mainly in the following cases:
1/ I'm mixing drums that I didn't record, and I'm not happy with the sound of some elements of the kit.
2/ I'm mixing drums that I DID record, and I'm not happy with the sound of some elements of the kit. Oops.
In both of the above cases, the most common problem is just a badly-tuned, badly-maintained kit.
3/ I'm trying to add something to a pre-existing loop that has weak elements.
I think the most common thing in all cases for me is replacement or augmentation of the kick drum.