You can use this card to recycle the effects of Effect Monsters that only activate when they are Tribute Summoned by returning the Tribute Summoned monster to your hand, whereupon you can Normal Summon it again with this card as Tribute. (This combo can be used with "Monarchs" or "Dark Dust Spirit").
This card works well with "Phantom Skyblaster", since its effect allows you to Summon Level 4 Tokens up to the number of monsters you control. After Normal Summoning "Skyblaster", bounce it to Special Summon "Birdman" and then perform a Level 7 Synchro Summon.
Special Summon this card by its own effect, then discard the monster returned to your hand for the effect of "Genex Ally Axel", allowing you to Special Summon a monster of the Level appropriate for a needed Synchro. This will allow you to Synchro Summon a monster between Levels 4 and 7.
This card works really well with "Reborn Tengu". Normal Summon your "Tengu", then return it to the hand with "Birdman". With this combo, you can make a Level 7 Synchro (which will get another "Tengu") and still have one in hand to work with later.
This card can be used in conjunction with "Dragunity Dux" and "Dragunity Phalanx" where you can swap out "Phalanx" to Synchro Summon a Level 7 monster instead.
Special Summon "Level Warrior" with its own effect, and then bounce it back for this card. Then Normal Summon "Level Warrior" again for a quick Level 6 Synchro Summon or Rank 3 Xyz Summon.
When you have a monster in your Graveyard, you can use "Monster Reborn" to retrieve that monster, return it to your hand to Special Summon this card, then Normal Summon the monster you just reborn.
This card can be used to return monsters whose effects have been negated by cards such as "Effect Veiler" to the hand so that you have another shot at activating their effects the next turn.
This card works very well with "Junk Synchron". You can Normal Summon "Junk Synchron", use its effect to Special Summon a Level 2 or lower monster from your Graveyard, then bounce "Junk Synchron" for this card to be able to use the effect of "Junk Synchron" again later.