It depent of your other skills. For a crafter, it is nice as you only need 80-90 in skills and maybe jevelry with magery. Then you can gate around, remember no recall here.
Also you can kast EV and BS to kill spawn to get leather and unraw for imbuing. Or cast an element as pet to protect you.
You can heal / cure yourself.
You can use it to hide your char to get mobs to target something else than you.
You can unlock some treasure chest/kegs/barrels.
If you are a warrier on a good mount or ninja or garg, you can do fine without.
*Edited* I see I forgot a few