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If so, which features do you use? How is it useful to you?
I don't really use it often and I don't have an account. Occasionally I will read reviews of a book on there, but only after I've read the book.
I don't use it as a way of finding books to read either. I guess I'd say I have a fairly 'independent' taste in books, in that I don't care much about what other people think of a given book and using their reviews to guide my reading choices. I just choose to read whatever I personally find interesting.
I don't really feel like I'm missing out on anything, but for those of you who do use the site, I'd like to hear what you get out of it.