It's great for Pseudo code. But I prefer to use a local LLM that's been fine tuned for coding. It doesn't seem to hallucinate functions/methods/parameters anywhere near as much as when I was using ChatGPT... but admittedly I haven't used ChatGPT for coding in a while.
I don't ask it to solve the entire problem, I mostly just work with it to come up with bits of code here and there. Basically, it can partially replace stack overflow. It can save time for some cases for sure, but companies are severely overestimating LLMs if they think they can replace coders with it in its current state.