What to do with this?

[Bullit]

I recently found this:



Now, after recovering my jaw from the floor, I paused to consider the uses of this axe - obviously it wouldn't be much use for long if I jumped straight in :) However, I'm not fabulously rich by any standards, so would it be worth bowing and scraping until I can socket it with a zod? Does the low minimum damage make it pointless? Does the slow attack speed make it prohitive? Or should it make an expensive gift for Charsi?

Your opinions please, bearing in mind that axes are the coolest looking weapons :P