yeah definitely my favourite feature on android too that I use multiple times per day. Unlike the people saying taking a screenshot is basically the same on iOS - no it isn't. This moves the whole display into an ephemeral screenshot and you can copy text, translate, all kinds of things, without the delay of taking a screenshot, or worrying about that file hanging around permanently after.
Super ironic that often images are the most accessible way to share text data these days but that's what enshittification brought us.