Today, it's essentially obsolete. You're quite unlikely to find it in any competently-done commercial designs. Every analog trick you can do with it can be done more cheaply, more reliably, with better power efficiency, and with fewer external components using a modern MCU.
It's not that analog is dead, but it's solving different problems now. Including how to keep ultra-high-speed digital signals usable within the footprint of a PCB - which wasn't that much of a consideration in the golden days of the 555.