I think we should reckon this by quantity of production, and value of that production.
For example, Lutetium is about $10/g (for the oxide) and its production (of the oxide) is 10 tonnes, so that is around $100m worth of annual production.
Much less Osmium is produced, only 1 tonne. But it is a lot more expensive, $70/g. So $70m annual production, I would say it less useful than Lutetium, though fairly close to this level of approximation.
There are 3 tonnes of Irridium, so at a similar price to Osmium, that is clearly rather more useful.
Hafnium production is about 50 tonnes. Price is around $1200/kg, so that is $60m worth of annual production. Moderately less useful than Osmium, but hard to tell at this level of approximation.
But Scandium clearly wins hands down. Annual production about 2 tonnes, at price of only around $600/kg, that's only $1.2m worth of annual production. The least useful element by a long calcium carbonate.
I used a variety of sources for these data that Google found me. I also considered Rhenium, Rhodium, Ruthenium and Tellurium.
www.3rd1000.com is a nice data source for elements.