1. It’s been translated.
2. It reads in many ways like a late medieval/early modern version of the “Medrash says” type books, which are very popular (and which I suspect were based on, or at least heavily influenced, by it).
3. While written for women, it was popular with anyone who couldn’t read Hebrew. While we likely to think that all our ancestors were all Talmid Hachams, in reality there were many people who barely knew enough Hebrew to daven.
4. It should be considered one of the greatest classics of Yiddish literature, but the professors who decide what is a greatest classic tend to be anti-Torah.