That's wonderful, and a hundredth of native speed if you are lucky.
The example boot log says 2000 BogoMips, so about a fiftieth of the cpu speed of a contemporary entry level laptop, to a very rough approximation.
Also, no hardware graphics acceleration.
There are some possible uses I suppose. Including the charger and a 3.5" USB hdd I guess it could burn 20 watts to download or upload some torrents, run a IRC client, run a local dev web-server or whatever.
If you have a smartphone and don't have a raspberry pi or other SBC and have some use for an under powered Linux box then have fun.