You can use this card with "Greed Quasar" to increase it's level, giving it more ATK points.
You can also use Lava Golem, making this card helpful in a burn Deck.
You can use this card with "Giant Kozaky" or "Zombie Mammoth" to deal massive amounts of damage to your opponent, while your Special Summoned monster will be destroyed, so your opponent gets nothing but damage.
Use this card to Special Summon with searchers like Sangan or Mystic Tomato, and/or get sent to the Graveyard effects, like using it as monster removal by attacking the Newdoria you revived with this card.
If you have got a "Formula Synchron" on the Field and another Monster, you can use "Give and Take" to Special Summon a "Stardust Dragon" to the opponent's Field by increasing the Level of the other Monster and then chaining "Tuner's Scheme" to take control of "Stardust Dragon". Now you can tune "Stardust Dragon" with your "Formula Synchron" to Synchro Summon "Shooting Star Dragon".
This card has decent synergy when used with a Zombie deck. Activate and special summon Goblin Zombie or "Pyramid Turtle", then attack and destroy it with your "Paladin of the Cursed Dragon" or "Red-Eyes Zombie Dragon". You will not only be able to use the destroyed monster's effect as your own, but also special summon that monster to your field with your attacking monster's effects. Also, since "Goblin Zombie" and "Pyramid Turtle" are zombies, "Zombie World" is not required to special summon them to your side of the field this way.
Activate this card while "Summoning Curse" is active to force your opponent to banish cards from their hand.
Combo with "Crimson Blader" to prevent your opponent from Summoning Level 5 or higher monsters during their next turn.
This is especially useful against "Qliphort" decks—the only one prevented from Summoning thanks to the Qliphort Spells' Pendulum Effects are the owner of the cards; because you, the opponent of the owner of the Pendulum Spells, is the one Summoning, you can do this to shut down thier summons.