The biggest problem with the wind if you fail to ding the shot. The results can really throw things off badly. If you miss on the side the wind is coming from it can take a lot of power out of the ball, and on the other side, may cause it get carried a long way on the wind. If you're confident of doing these misses, you can use them to your advantage though.
The second shot at hole 5 on St Andrews owes quite a bit to luck as it does to judgement. The big dip before you reach the green makes it a very difficult.
If the pin is the position further back it is possible to try and fly a shot all the way onto the front left corner of the green and allow it run through and finish somewhere near the pin.
However if the pin is right at the front, I use the punch shot quite a lot, as it's more likely to keep moving forward after the first bounce. The part though is judging it right, so you don't end up way down the far end of the green with a putt of over 150 feet.
If the wind is really strong in your face making it hard to reach the green with the second shot, you're probably better off leaving the ball short, and giving yourself a nice wedge shot. Leaving myself 50 yards short works well for me, and barring a complete loss of coordination, usually gives me a decent birdie chance.