As soon as you get this item. Before you make any "big decisions" on factions. I would recommend using it to relocate your base to a more satisfactory location. Sanctuary makes a horrible base of operations and this grenade allows you to load up with thousands of pounds of loot, and drop it off at your new home. Pick a base with 2 or less settlers, towards middle of map. Never build a recruitment beacon and you can store all your companions in a small tidy little town where they are easy to find, and crafting is easy to accomplish.
So if you have a few hundred or thousand pounds of gear laying around... that is what these grenades are good for. Load up on gear, summon the bird, get in bird, and pick new settlement to travel to. A lot faster then walking overburdened which I know some of you have done.