I've made some parts from it to good effect, but it's going to depend a lot on your application. The TPU I used printed about the consistency of hard rubber (Sunlu brand), so while parts were pliable, they were fairly rigid even with lowish infill (20% or so). You can go lower or go to single layer walls to get more flexibility, but you probably want a softer material for good vibration damping or sealing applications (though, I wouldn't expect to get a real watertight or better seal out of a printed part). The problem is, of course, that softer materials are harder for your extruder to make work, so it becomes more important to slow down print speed and really make sure the filament path between the extruder gear and the nozzle is constrained.
Regardless, with my cheap Sunlu TPU, a 0.4mm nozzle and 150um layer heights, I printed a bunch of feet and bumpers for a couple different kinds of equipment as well as some anti-vibration fan gaskets and things to pretty good effect. There's a thread in the Test Equipment section that has a bunch of 3D models that include those.