I usually see it when people are comparing two tools and can't come to an agreement. In that context, I feel it ends up being tautological in a way that stops people from digging into the real differences that make something the right or wrong tool.

My objection to this phrase is that it is tautological. By definition, there's never a time when you should be using the wrong tool for the job!

It is good only if the phrase is followed by a discussion about why tool X is right for the job.