Right now, I carry around two cell phones - work and personal. My use case for my work device is surprisingly limited. I basically need it for notifications and 2FA. For anything serious, I switch to my laptop. However, I _really_ need that work phone.
BYOD/Shared devices is a thing at many companies, but that comes with it's own host of issues. Most notably, I don't want a corporate MDM on my personal phone. I also want to be able to let my family use my personal phone without worrying about breaking.
This virtual device, effectively lets me carry a single device while having nice, clear boundaries. As long as notifications come through well, this could effectively replace my need to carry a work phone.