That's cuz you both underestimating and not quite understanding its purposeful use (re: Ricochet). Against weak enemies, it'll ricochet between them, as it'll kill small creatures in one hit a lot of times, specially when suped up.
Also, it's great for bosses, cuz of how well it stun locks them. And, cuz of how it works, you don't have to continue aiming or even facing the enemy you're hitting it with, so you can stick and move and still be applying damage. You already stated that your timing is off when it's ricocheting properties, so that further explains why you can't work well with it.