It is not as useful as you think it is. It's a mid kick wake up kick and super unsafe. With how the ground game works now you can be knocked out of it by an opponent pressuring you on the ground. Lastly, you need to be knocked down to do it (in a specific position) and that is something you shouldn't be looking forward to to even think about doing the move.
Element of surprise is what this option is all about. Like, once in a blue and pink moon type of surprise. If players are constantly doing it to you you should be punishing them hard for it every single time.