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I use this all the time to A/B test my landing pages on FB ads. I like that it's so simple and that I can retest past archived versions of my landing pages. I use it to see how many unique visitors I get, and the conversion rate to the thank you page.
It's not very accurate. It has missed recording lots of purchases, but then again it could be that people are not getting to the thank you page.
It really helps to test different landing pages and see which one converts the best. Very useful for increasing conversion rate.