For me, a short length of cord is always handy and welcome. Nothing like having some in a needful scenario.
I don't see towing happening with this cord, but there may be a time where you might have to lock a steering wheel or some-such in a particular place. More than adequate for this I believe.
One could use it while climbing to lash a splint in place should some misdeed happen. Might get you out of the woods.
Could fix a hose or pipe, tie something on a motorcycle or bicycle, etc., or just provide hours of fun tying knots for the therapy of it.
Short length use should be guided by some common sense and imagination.
And then there is that the knot(s) used will further weaken the affair.
I'd mention adamantly, that the cord if used, though strong enough to suspend oneself, Should Not Be Used for any purpose of this sort.
SS