I play on ps4 too and have been using this quite well in dungeons dodging boss attacks..

your right though you have to plan its movement ahead of time really as its not a quick get out of jail card that it feels like it really should be.

so basically I just watch where people are in anticipation of the move coming, know who I will target for movement then use it last second.

plus anyway when you time it just so it makes you look like a pro blm... which is true cus your using all your skills instead of ignoring what appears to be a less useful one.