I don't really like to use it, as return ""; is shorter than return StringUtils.EMPTY.
However, one false advantage of using it is that if you type return " "; instead of return "";, you may encounter different behavior (regarding if you test correctly an empty String or not).
If your class doesn't use anything else from commons then it'd be a pity to have this dependency just for this magic value.
The designer of the StringUtils makes heavy use of this constant, and it's the right thing to do, but that doesn't mean that you should use it as well.
I use StringUtils.EMPTY, for hiding the literal and also to express that return StringUtils.EMPTY was fully expected and there should return an empty string, "" can lead to the assumption that "" can be easily changed into something else and that this was maybe only a mistake. I think the EMPTY is more expressive.
The literal "" is clear as crystal. There is no misunderstanding as to what was meant. I wouldn't know why you would need a class constant for that. I can only assume that this constant is used throughout the package containing StringUtils instead of "". That doesn't mean you should use it, though.
If there's a rock on the sidewalk, you don't have to throw it.
Returning empty String from a method, to confirm that yes I really wanted to do that.
Also by using a constant, a reference to StringUtils.EMPTY is created. Otherwise if you try to instantiate the String literal "" each time the JVM will have to check if it exists in the String pool already (which it likely will, so no extra instance creation overhead). Surely using StringUtils.EMPTY avoids the need to check the String pool?
I will add my two cents here because I don't see anybody talking about String interning and Class initialization:
All String literals in Java sources are interned, making any"" and StringUtils.EMPTY the same object
Using StringUtils.EMPTYcan initialize StringUtils class, as it accesses its static member EMPTYonly if it is not declared final (the JLS is specific on that point). However, org.apache.commons.lang3.StringUtils.EMPTYis final, so it won't initialize the class.
I'm amazed at how many people are happy to blindly assume that "" is indeed an empty string, and doesn't (accidentally?) contain any of Unicode's wonderful invisible and non-spacing characters. For the love of all that is good and decent, use EMPTY whenever you can.
I am recommending to use this constant as one of the building stones of a robust code, to lower the risk of accidently have nonvisible characters sneak in when assigning an empty string to a variable.
If you have people from all around the world in your team and maybe some of them not so experienced, then it might be a good idea to insist on using this constant in the code.
There are lots of different languages around and people are using their own local alphabet settings on their computers. Sometimes they just forget to switch back when coding and after they switch and delete with backspace, then text editor can leave some junk inside of "". Using StringUtils.EMPTY just eliminate that risk.
However, this does not have any significant impact on the performance of the code, nor on the code readability. Also it does not resolve some fundamental problem you might experience, so it is totally up to your good judgement weather you will use this constant or not.