Isn't React Native a framework that generates GUIs using native frameworks by transpiling whatever React code you have down to the native frameworks you're targeting?

I get the point of reusing front-end expertise to develop other frontend code like desktop and mobile applications, but I struggle to understand the selling point of React Native. If I recall correctly React Native started as a personal project, and that's perfectly fine, but I don't understand who in their right mind would base their product on a convoluted and heterogeneous Jenga stack of technologies when all they need to do is just use the native frameworks.