I just don't know what to make of it Is it even worth knowing? not to sound like an amateur or anything but know one has told me its usefullness doesn't Enraging the foe end up finnishing u off?

It's usefullness ingame is somewhat limited because there aren't that many ingame trainers that have no attacking moves.

However, outside of the game in NetBattle it's usefullness is extreme. Take Umbreon, Ninjask or any Tank/Baton Passer. They usually have no attacking moves because they don't need them. Taunt makes them unable to use those moves and therefor ruins their plan, plain and simple.

It's useful for Pokemon that have attacking moves as well; just anticipate when they will be using non-damaging moves and "intercept" those moves. For instance, the opponent switches in a Blissey to perform a Heal Bell. You use Taunt to prevent that from happening.

another way of utilizing taunt is to force the enemy to attack you then use
Bide/counter/mirrorcoat. teach taunt to tanks, as they are intended to endure the enemies attacks but can be upset badly by status ailments and stat modifications. Taunt prevents the opponent from uping his own stats or lowering yours.

also, teach taunt to pokemon that have the pressure ability, every time the enemy hits you they lose two pp instead of one. Combine this with spite and you can empty an opponents pp resorvoir in no time flat, leaving them with the dismal struggle attack.

Banette can Taunt-spite...whoever Banette can't take a hit. Bide is useless as it takes too long. Aerodactyl, Raikou, Suicune, Entei, Lugia, Ho-oh, Mewtwo, Zapdos, Articuno, Moltres, Absol, Dusclops, and Deoxys don't need Taunt. Dusclops isn't fast enough and the other pokemon can just sweep a team away.

Yep. Bide either takes too long or you get KOed before it works. Counter and Mirror Coat works better.

Slightly off Topic

What would happen if you used Taunt then Torment and they only had 1 attack move? Would they attack once and then struggle? Or could you not use those two in a combination?

I think they will attack once and use Struggle.

i use it to stop status's and baton passes