In my opinion is it VERY useful.
All metas works on it, and with the mere 6 second cooldown it's lovely. It heals for about ~50-60 on a persons without any healing amp, and crits around 200 with sup lore.
Examples of how good it can be:
80% of the healing I needed in part 1 of my
Duo ToD attempt was with this spell. Easily saved 5k+ SP, that's about 15 major SP potions.
95% of the healing I needed in my
BoP 16 min (11 min) solo run was with this spell.
And if you have an intimidation tank in ToD, you can easily keep him alive with just this spell, and a scroll now and then.