It can take the place of a lot of things - rice cooker, yogurt maker, slow cooker; but it’s not for deep frying. You can saute in it, but it’s built to cook with water and steam. And you’d never want to try pressure frying.
I hardly ever deep fry lately. So that would be one apparatus I could put “away” somewhere and have room for the pot. Wow, I wonder what bone broth would be like in it.