Reconstructed path of Ingenuity flight 9 via photogrammetry
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That was just the initial guess before the mission, considering the power budget available for powering the rotor. After completing the planned objectives, NASA attempted longer flights; the last two were about 2 min 45 sec.
https://accessmars.withgoogle.com/
I'm hoping that the images from Ingenuity and Perseverance can be used to create an updated version of this experience in a few years.
How far can it stray from the rover?
Will it be able to aid in the search for life? Resources?
It doesn't have any instruments to look for signs of life (or really, anything else), so its mostly limited to scouting.
Edit: here is my old comment on this and the submitted article from which the information was taken: https://news.ycombinator.com/item?id=27009678
This part might not be entirely accurate due to a lack of image data around takeoff and landing. I had to make my best guess from reference video taken by the Perseverance rover on a previous flight. That landing was a little rough and showed some bounce, so I recreated that.