To add MMH answer, I'd Imagine it will also be good as substitute for some portion of the meat and as flavoring in soup, vegetable stir fry, and fried rice (to substitute Chinese sausage).
You could use it as a garnish or as an additive to something more mild - like a topping on clam chowder or a salad. You could fold it in to a frittata or a breakfast burrito or quesadilla. Dairy products work well with spicy ingredients.
I would add to throw away the water in the middle and replace with new water to take out some of the heat. Otherwise you'll cook the heat back into the bacon after the water is gone.
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