The toss it in the trash, can oddly be quite valid in certain circumstances. What you have to do, is consider the physics and then balance that against practical things. Firstly, its an antenna designed as a workable compromise. A dipole is not an issue, but telescopic ones need adjustment if what you want to listen to is anything other than strong. So if you do the maths, you might arrive at a length for a particular frequency, and it will work a bit above and below it. If you use it pulled out so the two elements are in a plane, 180 degrees apart, then that is the dipole standard mode, and it will also be resonant at 3 times the frequency. If you perk the elements into a v shape, then its not really a dipole any more but one of the dozens of different antenna standard designs. It might give you some directivity, or for wideband use, the ability to null out annoying strong signals that spoil reception. It is always a compromise. However, they are indoor designs, poorly suited for base station use. They‘re fragile, difficult to mount on poles or walls, and usually mean you need to waterproof a joint outside. If you want an outside antenna, buy or make one that is strong and waterproof. Use decent cable and it will last years. One crash from a seagull will bend the flimsy telescopics, plus they will rust and perform very badly.
what you have is a quick to setup, compromise antenna. With your intended use, it could work. If the transmitter is local and strong, it will be fine. If your source is a bit further away, it may never hear it. Antennas need to be suitable for the frequencies desired, reliable, in the clear and usually high up, or a random bit of wire might work just as well. Buy a dipole meant for radio FM reception, cut the tubing to the right length and stick it outside on a proper mount with decent cable. Pretty cheap. In metric, take 300, divide by the wanted frequency and you have the wavelength. Divide by four to get the rough length of each tube on a centre fed dipole. Thats a simplified bit of maths but is fine for receive.