Extending Benny's explaination, it is also necessarily slower than the true wind speed, which you will note if you look at a polar diagram charting boat speed versus wind angle. The reason is that the appearent wind speed will drop as you go faster downwind, to zero if you match the wind speed (I don't think this is possible unless you happen to surf a wave). Physically, you are merely blocking the wind rather than generating aerodynamic lift with your sails. As you begin to sail higher than dead down wind, thus generating lift, your speed will increase until it hits a maximum, generally around a broad reach or a reach for most boats, and then declines as you sailer closer to the wind.
Go ahead a play with it since it can be relaxing in light to medium winds, and in all cases reduces the wind pressure on your sails. However, Benny's suggestion about using a boom preventer is extremely good advice, or failing that, a high level of vigilance. Even in light winds, if the wind gets in behind the main and causes an uncontrolled gybe, it can come across your boat like a big leaguer going for a homerun.
Jim Kolstoe, h23 Kara's Boo