I used to connect my computer to the mixer when I teach my students, in order to hear through a P.A. what I need to be played from the laptop.
Does the job properly, I've used it for a few years and so far it's standing the test of time.
I don't know about certain specs (i.e. signal degradation) so I can't say it fits the needs in the studio, but once again, I don't use it in that context.
I would recommend it if you have the same needs