Detailed explanation
Forward-referring object it appears after certain verbs and points ahead to a following complement. In “Students find it helpful to plan their revision”, it occupies the object position required by find, while the infinitive clause explains what is helpful. The sentence is more natural than “Students find to plan their revision helpful”, especially when the complement is long.
A common frame is verb + it + adjective/noun + to-infinitive or that-clause: find it difficult to, consider it essential that, make it clear that, think it a mistake to. The adjective or noun describes the postponed complement. Another pattern is verb + it + when/if-clause, especially with reactions: I hate it when meetings start late; I appreciate it if you reply promptly.
Some idiomatic structures include owe it to someone to do something, take it for granted that, see to it that, and leave it to someone to decide. In these expressions, it is part of a fixed grammatical frame. The following clause or phrase supplies the specific content, while it allows the verb to have an immediate object.
Do not omit it where the verb frame requires an object. “The chair made clear that the deadline was final” is possible in some formal contexts, but “made it clear that” is the more common full pattern when clear functions as an object complement. Conversely, do not insert it after verbs that directly take a clause: We believe that the method works, not *We believe it that the method works*.
To edit the structure, identify the verb, the object it, the complement describing or reacting to it, and the postponed content. Then test whether the verb conventionally licenses that frame. Because several expressions are idiomatic, reliable examples are more useful than word-for-word translation.
How to form it
Common patterns include find/consider/make + it + adjective + to-infinitive or that-clause; appreciate/hate/like + it + when/if-clause; owe it to + person + to-infinitive; take it for granted that; see to it that; and leave it to + person + to-infinitive.