Subjectively it feels very much like alcohol. It is probably about as addictive. But it's almost non-toxic by comparison. No liver damage. Doesn't affect nutrient absorption. Milder hangover.
It'll probably never be legal for regulatory reasons. (If alcohol were introduced today, it would likely be banned. Even a relatively safer alcohol substitute runs into the problem of still being rather dangerous and so getting through the red tape.)
[1] https://www.imperial.ac.uk/news/135106/synthetic-alcohol-sub...