As your final salutation, perhaps. As in: “Well, That's all for now. Cheers, Peter.” It's decidedly informal, as you perhaps already know. read more
The problem is that the exclamation "cheers" has, over the past 20-30 years, become a less meaningful word through over-use. At first it was a toast, meaning "I drink to your good cheer" i.e. your health. read more
Yes, "cheers" is an acceptable way of signing off an email. It can mean "cheerio" ('bye for now). "Cheers" is becoming increasingly used in speech. You can ask someone for directions to a place and when they have told you, you say "Cheers", or "Cheers, mate". This is a way of saying "thank you". read more