Yes it is great for reducing those tell-tale lines under and around the eyes.
Some silly sites will tell you to risk your eyeball by rolling into the eye socket. This is of course silly and more importantly unnecessary.
Simply use your other hand to draw the skin under the eye down onto the bone and then you can roll safely and freely.
The skin in this area is very sensitive so it is best to stick to the 0.5mm Lotus Roller.