As it is, the Neutrino Detector seems to be offering the detection of otherwise hard to find loot, but as others have said, it's hardly useful in practice once you figure out how loots's being distributed. Not much of a reliable scavenging tool.
I suppose Neutrino Detector should enable you to find loot otherwise invisible to regular sensors and Sensor Burst. Especially since it increases your sensor profile and provides false readings, it already feels like an ersatz tool to uncover rare stuff. Using it in [REDACTED] systems should be an "at your own risk" kind of activity that comes with an unusual reward for those who brave it.