You can cast it on turn three, and it will guarantee that you have five mana on turn four even if you didn't have a land in hand
Each opponent sacrifices a creature for each card discarded this way. As long as you make sure youve got some good card draw going, youll easily be able to wipe the board and then swing in as the only person with Creatures left
For my money, Time Warp, Capture of Jingzhou, and Temporal Manipulation are top-tier because 5 mana is the minimum for an extra turn spell with no complications, and they dont exile themselves on resolution, which is essential for infinite combos
If they do something in addition to dying, like Caustic Caterpillar, then thats even better
There is additional context on this card that makes you pick a card that isn't already on the battlefield, but with Commander being a singleton format, this isn't necessary to pay attention to