I haven't found it useful at all tbh. Huge computation/token cost, storage complexities, etc. I don't think its worth the effort right now.
What I have found useful is graph-like approaches. Something like using metadata tagging so that if you retrieve some node from a section of text, you use the metadata to help fetch the full section. Things that retrieve by reference can be achieved without needing to involve graphs explicitly
I just tried GraphRAG directly from MSFT. It looks ... reasonable. It created the entities from the content and related them but I don't see edge labels at all. Time to go do more research. Thanks, @Logan M !