"Yay! There's now a new, gimmicky, borderline useless attack method! Even though it'll be patched at some point, Smash Bros is a real fighting game again!"
Srs m8. Mega man can use it for a true combo, diddy can easily abuse it with his banana peel, and link can do it with his bombs.
Pretty much any character that can spawn items can use this to get an easy grab. Even if the enemy shields, they are stuck in shield stun allowing you to grab them.