While there are other cards that can provide similar benefits, such as Rhystic Study or Consecrated Sphinx, which offer more control over card draw or can generate overwhelming advantage, Kami of the Crescent Moon can still see play in casual or themed decks where its spirit type and lore are relevant, but it may not be the optimal choice in competitive settings
The next time damage would be dealt to you, you may choose a different one of those permanents to be dealt that damage
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Phage the Untouchable Theres no other saboteur ability better than killing an opponent straight away
There is better ramp and better draw effects for cheaper, and we're long past the age of Henry Ford bringing us specialization
It's even good enough to see play in more powerful formats