Before Summoning this card, cards like "Dragon Shrine" or "Dragon Ravine" can be used to send a high-ATK Dragon-Type monster to the Graveyard for this card's second effect to take advantage of.
"Limit Reverse" can be used to Special Summon this card, and by subsequently changing it to Defense Position to trigger that Trap Card's effect, one can proactively trigger this card's last effect.
This card can be useful in a Deck that focuses on Summoning "Blue-Eyes Shining Dragon" or "Red-Eyes Darkness Dragon", since both of those monsters gain ATK based on the number of Dragon-Type monsters in the Graveyard (which this card's first and second effects take advantage of).
If you have 14 Dragons with different names in your Graveyard when this card activates its first effect, your opponent will take 8400 damage, resulting in an OTK. Your Graveyard can be set up this way by using the effect of "Zaborg the Mega Monarch" to destroy itself and send 8 Dragons from your Extra Deck to the Graveyard.
This card can serve as a counter to "Apoqliphort Towers". When your opponent summons it, you can use "Raigeki Break" or a similar card to destroy this card, destroying "Towers" and your opponent's other monsters.
If this card is destroyed by "Cyber Jar's" effect, your opponent's newly-summoned Monsters will be destroyed.
Since this card's ATK-related effect activates when summoned, it can be a good candidate for "Last Turn", especially since it destroys your opponent's monsters when destroyed.