Right.

There is really only a single place volatile actually works, and that is for memory-mapped hardware registers. Anybody who says it is useful for anything else is badly mistaken.

Except in MSVC, where it kinda/sorta means atomic.

It allows the compiler to reorder it with any non-volatile read or write. Of course it still doesn't indicate anything to the CPU. In single-core embedded systems where the CPU doesn't reorder anything and you know the compiler is going to emit a single instruction for a read or write it can be sufficient (for example, this is how FreeRTOS implements all of its threading primitives)