Physics is like sex: sure, it may give some practical results, but that's not why we do it.
Richard P. Feynman
I think the same is true for a lot of folks and self hosting. Sure, having data in our own hands is great, and yes avoiding vendor lock-in is nice. But at the end of the day, it's nice to have computers seem "fun" again.
At least, that's my perspective.
It is really powerful per watt, and has a built-in UPS. Any homelab type things you could do with that? macOS+homebrew will give you a nice *NIX feel, very familiar if you're a Linux user.
I'm a fan of having a remote homelab computer+disk for off-site storage. This would be a good candidate in that it wouldn't use excessive power at a friend/family's place, but may be overkill (I use a pi3 for that).