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I loved the set back when it first launched with Wrothgar. It gives a decent damage bonus and self heal which, like Sluggy said, is good for solo content, or any time when the side heal can be useful. If you use it with a rapid hitting AOE skill like jabs and you can turn into a small sun when it's active as well.
Just bear in mind, the best you can get is 2/3 uptime (when triggered lasts 10 sec; can occur once every 15 sec). With that in mind, I find both the weapon/spell damage boost and HoT to be rather underwhelming.
I think I'll pass it on to one of my "just hit level 50" toons to use while the gather skyshards and stuff while I figure out what to do with it. I think I have some interesting bits to pair it with that should make that process easier.
Although having said that, the down time between procs wouldn't be so bad for most dungeons/delves, or navigating through trash mobs.
Either way, since I got some in very desirable traits and level, I'll hang on to it for now.
I use it on stam characters who will mostly be doing overland content and don't need more optimized builds. (I also use it on my main character whose build I've been too lazy to update in years. ) So it's definitely worth having around, even if it's just to have something to toss onto newly leveled characters until you come up with something more optimized (if optimizing is something you care about).
I think Briarheart is under rated. It's a great, easy to get set that's really good for beginners and anything other than vet dlc content and HM trials.