It's trying to be a wiki without a server. Or at least, that's how it started. It's a note taking app that uses markdown and plain text files. Gives some nice organizational views.
I used TiddlyWiki for a while, but it was too fiddly. E.g. saving to google drive was a hack. Obsidian, at a very low price, gives me a reliable app -- Tiddly wiki, running within the browser, often got slow when I had a few hundred diary entries.