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Haha fair point. In open terrain you get maybe 50-100m which I agree, not far. In practice it's more useful than it sounds though. You don't need miles of range when the point is "where did my buddy go 5 minutes ago." And if they walk out of range their last position and heading stick on your map as a ghost marker so you're not totally blind or left guessing.
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This comment got me thinking that it might be worth using their second-to-last location to try and derive some vector. Obviously that's super informative as you already know the edge of the map they left, but maybe it's useful?
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Well... I have a hard time imagining to get location by yelling "where are you? " "by the trees!" It really sounds immensely useful to know last location (while they were still in range).

Use case: I was out, picking wild lingonberries in the forest with a group of ~10, some kids. At a "secret" location, with everyone wandering off in a direction they see more of them. Shouting did not help much.

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