Very useful to widen the frequencies of your sound.
You have all the characteristics of a DI box plus two circuits (the clean sound and the overdriven one) which give you the possibility to switch (through the bypass) among three different sound while you are playing.
The clean sound with bass, mid and low filters it's like you had another amp to regulate as you prefer; further, you have two filters (Ultra Lo, to add more body and punch - Ultra Hi to add more definition): in this circuit you recognize the master tone of ampeg amplifiers.
If you want to overdrive the signal you can use the scrambler channel, that allows to decide the amount of drive and the mix with the clean tone.
I do not appreciate the scrambler (overdriven signal) when it's plugged in directly to the audio interface (too much mid frequencies).
I use it mainly through the clean channel, to record in studio, and it gives me a very full, clear sound.