You find this spell most often in combo decks, notably Legacy Reanimator, that want to check for interactive spells like Daze and Force of Will
Four mana for five damage is fine, and the potential to deal a point or two to your opponents dome is a nice bonus
For example, any enter-the-battlefield Venture trigger combined with an infinite blink combo can mean an immediate win, thanks to the Lost Mine of Phandelver's Dark Pool room
While Wedding Ring might not feel great when youre the one popping off with a Sram, Senior Edificer, the reality of playing white is that theres usually someone at the table drawing significantly more cards than you
Simic In a green-blue deck, we can break the rules of gates thanks to Modern Horizons 3
Its also great with the new Boros sweeper Solar Blaze