Great pedal to try compressor. I use it on 70% of my setups. In a very start of a chain (tuner doesn't count), comp on minimum, volume and tone in the middle. If you want to add fullness to your distortion try to slightly increase the volume. Also it absolutely good for a bass, I would say essential.
But take into account, it is an opto comp. If you need sparkles in your tone, you may need something closer to FET or VCA comps.