First of all I must apologize for having limited general knowledge of Harry Potter - only that which I've gathered from the movies and the first three books.
If memory serves me right, Brackium Emendo is used only once by Gilderoy Lockhart. I am unsure if it is the spell itself or its improper use which caused the removal of bones from Harry's arms.
In any case it seems to me that this is a very potent spell in that it is effective immediately and has a 'lasting' effect.
Compared for instance to Expelliarmus, it can lead to the same effect + extended duration [and slow and painful recovery through Skele-Gro].
I think it's something that would befit those practicing dark arts, without being a curse.
Is it used just once? If so, is there any reason why it's not a more commonly occurring spell despite its possibly potent effects.