I think it's useful for creating empty text files. It saves you to have to navigate back to the folder in the text editor. What I don't understand is why you have to press shift to get "copy file path" in the same menu. Why should such a useful feature be hidden?
I usually enter the folder and click in the white area to the right of the 'folder breadcrumbs' bar. That transforms the 'folder breadcrumbs' into an (already selected) path. Ctrl+C and I have copied my file path.
I never knew there was a "copy file path" in the context menu until this topic.