It is a Macro Algae, but can go sexual, ruining the water quality. You would want to put it in a refugium, with the lights on 24/7 or prune it frequently to prevent this. Some people have put it in the display with success, but it does need to be maintained.
There are many types of Macro Algae, some which you may prefer over others.
For refugiums, many people are fond of "Brillo Pad" algae.
For feeding Tangs and Angels, Ulva & Red Gracillaria are frequently used.
Be aware that snails may find this delicious.
There are several I haven't mentioned, so if they don't appeal to you, do a search, and you should find some you like.