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It's fast and fairly powerful, but that applies to half of OU. What makes it stand out? Both Celesteela and Toxapex wall you, and you're not going to wear either down with U-turn. Landorus walls you without investment. Steels in general can generally take one Drill Run, forcing prediction on your end. All scarfers kill it. All priority kills it. Between its extreme frailty and vulnerability to residual damage, it even struggles as a VoltTurn abuser.
You could possibly make it work, but why use Beedrill if you're not going out of your way to do so? If you want a fairy check, something that can actually switch on fairies does the job better.