I don't recall the term "woke" being all that useful. I really only started noticing it as a right-wing pejorative, often times being used by straight up racists, and to lesser extent by people pointing out performative solidarity, and this is not a recent thing either.
The meaning of "woke" changes depending on the person saying it, and the one listening, which makes it hard to tell what the person is _really_ trying to say.
Edit: Apparently it was recently popularized by BLM activists, but then took on a different meaning [1]. So it seems ambiguous, which to me makes it not that useful.