Okay so, the metronome's basic use is to give the beat of an intended tempo and to check rhythmic accuracy. I am split on wether a metronome is a helpful tool or just a mechanical device that ruins the 'groove' of the music. I have had teachers that strongly support the use of a metronome in order to create a strong sense of pulse and rhythm. However, I've also had teachers that focus on developing the human, or 'inner' metronome. I think both arguments are equally creditable.

Personally, I think it depends what genre of music is being played. For example, I would use a metronome to practice a rigid piano piece, probably renaissance Baroque and early classical. But for a romantic and emotional piece, tempo would possibly want to be 'pulled about' and therefore a metronome would be a hindrance rather than an advantage.
Within a group environment I think a metronome is extremely beneficial when a drummer or percussionist is not present. It keeps everyone at the same tempo, therefore creating a 'tight' sound. However, if a drummer is accessible I would prefer to use them. Even though they are probably not as precise as a metronome, they can keep the beat in an un-rigid way.
Overall, I think a metronome is a good tool for practicing solo. But I wouldn't recommend it for a group or for 'pulled about' songs.