It’s mostly a problem of pixel size. The smaller the pixels the less light the pixels get. That means really terrible low light performance. And no software can’t magically make that as good as a pixel 4x the size.

The only advantage here is it allows you to get away with more crime like cropping and digital zoom in brighter lights. That may be an advantage depending on the application.

I’d rather have a 12MP sensor twice that size with some glass in front though for most applications. Far more useful.