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Check out my guide here: How To Play MTG Arena - A Guide For New Players if you're interested

(2021-09-24) If a card with flashback is put into your graveyard during your turn, you can cast it if it's legal to do so before any other player can take any actions

To defeat a planeswalker, you can attack it with creatures, deal damage with spells, or remove its loyalty counters through direct removal until it reaches zero and goes to the graveyard

However, thats not to say they play no role WotC probably wouldnt go through the hassle of printing specialized sheets if that were the case

Having access to an effect like this out of the command zone is fantastic, to boot