I use this in class to "train" my students in taking properly formatted outline notes. They learn in middle school to take their own outline notes over our chapters in class. I use this as part of Marzano's effective strategies - summarizing and notetaking - in my class.
This sheet has a space for them to record the section's vocab words along the side. We record the ones that appear on that page of notes. This way, when studying, they can read the notes, then use the list of vocab words to quiz themselves.
Likewise, the "possible test question" section at the bottom is a good way to have them review the material on the page and pick out an important piece of information to write a question about.
I keep copies of this paper in my classroom and also put the .pdf online so they can print additional copies from home if necessary.
While I use this in my social studies classroom, I think it could be used effectively in any classroom where notetaking is necessary.