Depends on what you are trying to do, it works really well for what it does, which is basically being the Swiss army knife of knots and almost impossible to jam. They teach all fitter apprentices it because it can be used for tons of different tasks throughout the day ranging from tying small pipes or ladders on a truck rack, attaching tag lines, lifting and holding pipes temporarily, even attaching welding lead to a lift. Yes other knots are often better for different tasks, but if you only know one knot you could do worse than a clove. By tucking a tail you make a constrictor, which when done in small stuff is like a zip tie or hose clamp but cheaper, stronger, and less likely to snag on stuff.