I love this shape and it works so well with either rectangles or ovals if you want to mix and match. I have recently used 2 together to create a frame for the Spellbinders - Shapeabilities Collection - Die Cutting and Embossing Templates - Expandable Patterns - Fancy Lattice and what a fantastic lacy effect that gives.
This is a great basic die for scrapbooking or card making. Can also be used to create tags. Spellbinders has the best dies. They cut cleanly every time. I use a Cuttlebug and almost exclusively buy Spellbinder dies because I know they will do a good job.