Its a relatively low-impact creature in Commander, but any recursive creature that can come back from the graveyard is worth looking at
If you choose to cast a spell for its impending cost, it will enter with a number of time counters on it
It also makes all of your planeswalkers pretty insane, as they are often able to enter the battlefield with enough loyalty to fire off an ultimate right way
Similarly, a creature whose toughness is doubled gets +0/+X, where X is its toughness as the effect begins to apply
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I can imagine situations where a red-white deck would be okay with spending two mana either on making two tokens or pumping their team to swing