Wikipedia does not currently have an article on "wiktionary redirect", but our sister project Wiktionary does:
Do not place it on every possible word. Soft redirects to Wiktionary are to dictionary definitions, and generally Wikipedia is not a dictionary.
See Wikipedia:Wikimedia sister projects § Soft redirects from Wikipedia to a sister project for further guidance on the use of such templates.
This template is a self-reference and so is part of the Wikipedia project rather than the encyclopaedic content.
You can use {{subst:long comment}} to prevent a page thus redirected from being listed on Special:Shortpages.
Wikipedia does not currently have an article on "wiktionary redirect", but our sister project Wiktionary does: