I use it to prototype/test ideas quickly, get DB/Api/Client up, running, and publicly accessible (with HTTPS) without much hassle.
It has a number of "one-click" installs for stuff like WP, Jenkins, popular DB's, popular Queues, etc but also supports running docker images (which means PHP/Node/etc support is super easy). There is also multi-host support but I've never personally used that as, again, I use this just for dev and then move to AWS/DO once I have proven it out and I am willing to pay for DB's/EC2 instances.
I'm not affiliated in any way, just someone who likes it.