I added Electrode to form a VoltTurn core with Primeape without taking up much usage, but it turned out to be the most valuable part of the team in many battles.
NU is actually really friendly to Electrode right now. In a metagame where Sceptile and Swellow are premier offensive threats, its speed tier is a valuable asset. Swellow in particular dislikes dealing with it because Soundproof gives it immunity to Boomburst. Being able to stop Malamar with Signal Beam is another positive, especially since many players aren't familiar with Electrode and will stay in on it.
Electrode works very well as a late game cleaner and was a consistent threat to my opponents at the end of games, but it wasn't often able to shine until then. An average Special Attack and weak coverage moves amount to a weak early/mid-game presence, and Volt Switch blockers (usually Steelix) stopped me from being able to use it for utility and pressure at those stages very often.