No, it's inferior in every way possible because it's not meant to be used to enforce privacy but to allow multiple users on a same computer to use a same browser without seeing each other history and setting.

For each profile, you would have to install again every extension, set every setting, every bookmark,.. of course no sync between your main profile and others.

Can't right click on link to open them in another profile.

No automatic opening of profiles when you go on a specific url

And so on.

On the other hand, brave will push it's crypto crap, web3 and 'bat coins' everywhere.