We practice this kick in my class, at least the brown and black belts do. In sparring, the front kick could work as a fake or a set up to prep your opponent for the jumping kick though it’s too low to score any points. I’ve tried it myself in sparring but most of the black belts I know react pretty quickly so I haven’t successfully pulled it off.
This kick though is good for demonstrations or board breaking. If done right, you go high and it looks fancy.
I don’t believe all taekwondo kicks need to have utility in a fight. Some are just for aesthetics or to demonstrate athleticism.