Hey Andy,
Yes walnut shells contain a juglone precursor that breaks down into juglone over time, and are therefore allelopathic. There does seem to be big differences in juglone concentration by species of walnut, but
this study has some more specifics on plants that were found to be affected, and the long and short is that most anything you plant under this mulch (including greens) will be strongly affected.
That can be a resource though! Use them in a gravel driveway if you have concerns about grass coming through, along paths to keep them clear, anywhere you want to limit growth.
They make good tinder.
Some people use them in/in place of cat litter, though I think it has to be ground for that. Would probably help keep litter fresh in a
chicken coop as well.
If you make
biochar, the shells would work as a feedstock. The juglone doesn't have much effect once the shells are pyrolized, according to
this study.