This die is one of those essential basic shapes that you should have if you don't already. I especially love the fact that you can cut paper, thin acrylic, chipboard and fabric with just one die. Not all dies on the market do that. The possibilities with this particular shapes are virtually endless. My recommendation would be to cut a few shapes out of basic notebook paper and play around to see what you can do. Don't be afraid to cut and fold, etc. For example, I've made different types of 3-D flowers, frames, a turkey, 3-D hanging ornaments, albums, cards, paper purses, snowmen, angels, and so forth.
It is very versatile, I have been using it over and over again.