This specific project looks like a case of "we have this platform for automotive and industrial use, running Llama on the dual-core ARM CPU is slow but there's an FPGA right next to it". That's all the justification you really need for a university project.

Not sure how useful this is for anyone who isn't already locked into this specific architecture. But it might be a useful benchmark or jumping-off-point for more useful FPGA-based accelerators, like ones optimized for 1 bit or 1.58 bit LLMs