It can be a viable creature in your green decks with little regard for is activated ability
After Lorwyn Eclipsed, comes the Ninja Turtles and after that we're off to Strixhaven
The Ozolith can help you generate infinite +1/+1 counters in this way
If you start a draft off with an early Icy Blast, bias towards 4+ power creatures like Alpine Grizzly, Whirlwind Adept and Summit Prowler A three-power Prowess is usually good enough for ferocious, since it'll become a 4-power creature when you cast the spell
One non-dragon commander that may like the Hellkite is Child of Alara, a WUBRG deck that may wipe the entire board to start things over, then reanimate threats like Two-Headed Hellkite to resume the offensive thanks to haste
Among the new features the set introduces are cards with the keyword ability Magecraft that triggers any time you cast or copy an Instant or Sorcery spell