Next to lz or zstd, sure, when you don't care about compression ratio. But bzip2 -1 offers comparable compression to zstd -10, and bzip2 -9 is more like zstd -

Next to lz or zstd, sure, when you don't care about compression ratio. But bzip2 -1 offers comparable compression to zstd -10, and bzip2 -9 is more like zstd -18 which is appreciably slower.