"depending on its use" is a grammatically correct and usable phrase in written English.
You can use it when you want to describe something that has multiple purposes or functions. For example, "This tool can be used for various tasks, depending on its use."
An 8 year old forklift will have no book value for the seller, therefore, the pricing should be lower than a younger lift truck (although it might be in better shape depending on its use over the previous 8 years).
The strength of the concrete can vary considerably, depending on its use.
For example, "contractor" could be replaced by "grantee". Depending on its use, "agency" or "Federal agency" can be replaced either by the identification of the agency or by the specification of the particular office or official within the agency.
Adjusting the relationship network by giving a certain weighting or priority to each character depending on its use frequency, means the learning path spreads gradually through the network while picking up most of the common characters first.
Microalgal strains and growing conditions can be selected or engineered to match varying climatic conditions and commodity demands, resulting in algal biomass highly enriched in proteins, carbohydrates, or lipids (typically 30%% and up to 60 75 % by dry weight), depending on its use [12].
Our mind seemingly grows or shrinks depending on its use or disuse.
Its market value depends on its use, but it could be as high as $100 million.
It appears that the maintenance of muscle mass and function depends on its use.
Consequently, the nature of produced knowledge depends on its use, i.e. by whom and how the knowledge will be used.
In addition, the nature of produced knowledge depends on its use, i.e. by whom and how the knowledge will be used.
