Great for parts. Great as an on campus beater. Wouldn't pay much for it. If used as an on campus beater, I might try to jack some of the bend out, but leave the dent in. If that was a failure then it might become a parts bike. These days I wouldn't have any use for it as either, but I can see where someone would.

Edit to add:
If this bike was in my current fleet, I'd donate it to the coop. They would likely use it as a parts bike to build up a nice bike for someone in the local homeless community and the frame would likely be scrapped.