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It could be a ritual with mana dorks or enable a powerful alpha strike without worrying about taking damage in return

Skullclamp was banned in its own Standard back in 2004, along with concurrent Block Constructed, and it was on the preliminary banlist when Modern premiered back in 2011

In the same way that not everything thats powerful needs to be banned, not every format in existence needs to be kept on a tight leash

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Then there is Island

Secondly, the same kind of permanent will get put onto the battlefield, so you get a bit more room for speculation: If you target an artifact, chances might be high that he gets a random mana rock in return