It was hanging around the stove in the kitchen for some time. One moment I tried to use it as a temporary holder for hot lids during cooking. It was much more convenient to have this instead of placing lids directly on kitchen table.
As lid is placed horizontally on the holder there is no more dipping from the lid. And what is most important there is no bare hand contact with hot part of the lid as one keeps holding it by the handle all time.
For efficiency I cut one into two to use them on both sides of the stove.