This card is a useful Spell/Trap Card stopper as it doesn't need specific activation conditions (except your opponent having a card(s) in their Deck), so this advantage can often outweigh the disadvantage of letting the opponent draw a card, although this can also be dangerous at times.
This card is a great addition to any "Counter Fairy Deck", as it can be used in combination with a lot of their monsters. If used to trigger the effect of "Bountiful Artemis", it will balance the card exchange: You lose this card, but draw 1 card due to "Bountiful Artemis", while your opponent loses 1 card, and draws 1 card due to this card, resulting in an even exchange.
After activation of this card, you can chain with "Drastic Drop Off" to negate their Spell/Trap Card without giving your opponent any advantage.
This card can help to temporarily stall an "Infernity" deck, as most "Infernity" cards rely on having no cards in the hand.
Use in a "Greed" themed deck to deal your opponent an extra 500 points of damage while negating one of their Spell/Trap Cards.