It's also still very good for quickly mocking up user interfaces, especially ones for boring stuff like admin panels where you don't want to be stuck focusing on the UI rather than the actual functionality.
Finally, it provides a nice sort of built in style guide for a project you're not used to yet. If a site uses Bootstrap, well you know immediately what classes you need to use for components, what blocks of HTML are needed where, etc, and you can much more easily teach that to a new developer too.
So while its usage for grids is certainly on the decline, it's not dead just yet.
No. It doesn't make sense. Bootstrap has turned into a utility library. What I do is import the SCSS utilities and make my own stylesheet based on boostrap. I usually include the form styles, disable animations, and then use the grid utilities to make more meaningful grids. It's a great foundation for building out your own framework.
Not to mention it's one of the only frameworks I've seen that actually gives a shit about accessibility.