Yes, it's used to ask if someone has the time to do something. :)
On its own 'right now' or 'presently' would be the implied time frame, but it can also be used in sentences like this:
"Har du tid til å se på dette i morgen?"
"Do you have (the) time to look at this tomorrow?"
'Har du tid' means, 'do you have time (right now for whatever small chat I intend to engage you in, or whatever small task I intend to dump on your lap)'.
'Har du tiden', on the other hand, means 'do you have the time (that it is right now because I do not know what time it is and I promised mum I'd be home by five, whoops)'.
I know, the audio for this one seems awful. It's like the "t" and "d" are reversed. "Tid" is an easy word, but I had no idea what she was trying to say. I could only guess "Har du ditt", which is what is sounds like. The slo-mo is even worse, with a stuttered "t-ditt"...