Anyone have any suggestion on what I should use this scroll? Has anyone tested it on a boss monster perhaps? lol that would be epic, a boss transformed into coins...

There's a spell you get later on which turns armor into gold, I used it on a boss but it just did damage. So I imagine the Midas scroll just does a fair amount of damage on something.

Ah, so it's probably a scrolled version of that spell.... ok, still not sure what I'll ultimately use it on.

I think it's a scrolled version that works on EVERYTHING instead of just armored opponents. Though I read somewhere that it possibly one shot kills. Save it for something that's really giving you a load of trouble.