I think maybe only once or twice did I use it as an "intermediate" setting while waiting for the gear to come down, and I understand why they want to discourage that. However, I've used it plenty of times for stall protect ice speeds when given a low speed on a heavy aircraft, and I use it when landing flaps full as a reminder so that I get a too low, flaps if we accidentally forget to go flaps full, preventing the possibility of landing flaps 5 when we have full numbers.
It's insane to me to have something on the plane we can't use.