In the special case of two dimensions the shear operator is known as the Cauchy-Riemann operator (or $\bar \partial$ operator, or one of two Wirtinger derivatives), and is denoted $\dfrac{\partial}{\partial \bar z}$. It is _certainly_ useful in complex analysis.
The $n$-dimensional case comes up in the theory of quasiconformal maps where the operator $\sigma$ is known as "the Ahlfors operator", even though the concept certainly predates Ahlfors and goes back at least to Cauchy. Sometimes the name is expanded to be more historically accurate. Other times it's called "the distortion tensor" or the $n$-dimensional Cauchy-Riemann operator. Examples of usage:
* $L^\infty$−extremal mappings in AMLE and Teichmuller theory by Luca Capogna, page 4.
* Logarithmic potentials, quasiconformal flows, and Q-curvature by Mario Bonk, Juha Heinonen, and Eero Saksman, page 10.
* Another proof of the Liouville theorem by Zhuomin Liu, page 328.