You're only just getting started! It's a really good game. I technically never beat it myself, but only because I was too lazy to go back and level grind to beat the final boss. But the story is just perfect and the characters are so colourful. And the art ... *froths from mouth*
It really does a ♥♥♥♥load of damage. You can get it to make enemies drop extra items when they die, it can heal you, and it can (later down the road) attack more than one enemy.
Is dazing enemies effective at all? I was just wondering, because you can make the Bloodwing daze people, and I was just wondering if dazing was worth it.