It's odd that this exercise isn't more popular. There's less restriction on weight compared to dumbbells or kettlebells, and it's easier to do than the barbell sumo deadlift, where many struggle to maintain proper form and end up training low back harder than glutes.
This version allows you to lean forward, keep your weight on your toes, and power through with your extension. This activates the glutes better, and makes it more advantageous for athletic performance.
It happens every time I write an article or give a workshop. Someone asks me, "So, uh, Dan, do you think I should do it five times a week or should I do it twice a day?" It doesn't matter what "it" is – one arm lifts, Tabata front squats, Olympic lifts–I always get the same perplexing response.