It's not incorrect, but it's awkward. What context were you imagining for it? In most contexts I can think of, "I/We/Someone needed it" would be much more natural.
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mizansinha007The sentence is correct.The sentence means 'we have had to use it' or 'we have had to do that'.
A) As far as I know, it has never been needed.
B) You are wrong. It has been needed.