I didn't know this accessory existed until today. I have a Milwaukee M12 hackzall scraper blade that I use for construction type scraping tasks. It works great on construction adhesive, tile, etc., but it's rough. I also have a scraper blade for my oscillating tool and find that though it is less aggressive than the hackzall scraper, it tends to get out of control quickly. The scraper blade is sharp and tends to act like a chisel, so when it gets out of control, it digs into the wood. I suspect the LS-130 scraper would do the same jobs more slowly and with more finesse than the hackzall or the oscillating tool. Given my experience, I'd experiment a bit with the LS-130 scraper on scrap before trying it out on a real project.
For glue squeeze out on woodworking projects I always use a hand scraper. The weak point is removing squeeze out from corners. I often resort to chisels for that - but since it feels like an abuse of chisels, I normally use my jack-of-all-trades chisels (an old Record set) rather than my good ones. Maybe the LS-130 scraper would be able to get into corners.
On woodworking projects, I normally use Titebond or Titebond III, and try to scrape when the glue is dry but still flexible. Once the glue gets brittle (fully hardened), it can occassionally hang on to bits of wood from the edge of the joint - not a lot, just enough to be irritating.