Chosen One is a Normal Spell Card.
Spell Cards are usually activated from the hand on your turn unless their type gives another timing window.
On the current TCG and OCG Forbidden & Limited lists tracked here, Chosen One is Unlimited.
YGOPRODeck lists Chosen One for these formats: GOAT, OCG GOAT, Duel Links, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Chosen One appears in Dark Beginning 1 (DB1-EN217) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Chosen One is about $0.02 on Cardmarket (prices change frequently).
