A long time ago I ran anticapslock.com with articles and software about disabling/remapping the key.
The best achievement I did in the process was creating a software called clipcontrol, which turned the caps lock key into a clipboard control key.
So caps+X/c/v worked like cut/copy/paste Caps + 1-9 was history number 1-9 Then there was support for persistent clipboard entries, etc etc Even plugin support to do text formatting and similar :-)
I'm not sure if it still works on recent windows versions, I switched to Linux a long time ago and a Linux version is yet to be done
Anyway, I think caps lock should be a clipboard key as clipboards are an important part of many workflows.