For me, culinarily, it is basically a slow cooker that produces acceptable results, and also isn't necessarily slow either. We do ribs a lot in the instant pot and while I disagree with just about every recipe on the internet and add 10-15 more minutes than they specify, it is still faster than conventional methods because the extra heat does matter. We also use it as a rice cooker a lot; whether or not it is faster it is convenient, and, you know, we have one, which makes it cheaper than buying a dedicated rice cooker.