I believe the Canon crop factor is 1:6, Nikon DX is 1:5.
So in the Nikon world a 50mm would look like a 75mm which has it's place, just not a great lens of interest for me.
That's why you'll see the 17mm-55mm and the such. That is roughly a 25.5mm to 82.mm in Nikon and 27.2 to 88mm in Canon land.
When I shot 35mm still film I favored a 24mm F2.8 for my wide, a 50mm F1.4 and the Nikon 105mm F2.5, which was a killer telephoto and a great portrait lens.
As you can see the manufactures have a nice option with the 17mm-55mm.
So, IMHO, your 50mm is a nice group portrait lens to a little long "normal" lens. It's strong side is the fast aperture, usually between an F2 to maybe an F1.2, usually an F1.8 where as my Nikon 17-55mm is a flat F2.8 but is somewhat big and not lite weight and a hearty price tag, +/-$1,500.
Enjoy your 50mm, I have one from the old F3, lol. Great lens.