I use or have used it in few instances:
1. Tourniquet pain in regional cases with the patient sedated on propofol. I give small boluses of 10mg at a time up to a max of 50 mg or so. Works wonders. Much better than opioid in these instances because with the latter you invariably will require high enough doses to cause respiratory depression in your patient with an unsecured airway.
2. C-sections with a patchy epidural or a mom who just can't bare the tugging. Same dosing as above. I don't do this often, but it works well.
3. In residency, had an attending use it for big spine surgeries in patients with chronic pain. He would give a bolus of about 1mg/kg with induction with propofol. Then run them on an infusion of about 20mcg/kg/min until exposure achieved, then drop to 10mcg/kg/min for the majority of the case, then to 5mcg/kg/min and usually off at least an hour before the end of the case.
4. Of course, there is the classic teaching of tamponade or severe asthma...
5. Great in TIVA cases. Mix Ketamine 50mg (0.5ml) with Propofol 49.5ml. Run your infusion somewhere from 80-120 mcg/kg/min (based on standard propofol concentration). Your ketamine will be running at 1/10th the propfol dose (ie when Propofol is 100mcg/kg/min, ketamine dose is 10mcg/kg/min). Again, get rid of the ketamine about an hour before the end of the case to minimize side effects.
I always give versed to these patients at the beginning of the cases.