It is not going to run Visual Studio of course, but it is quite capable for browsing/videos/word processing/etc.
Browse https://chrome.google.com/webstore/category/apps?_feature=of... to get a list of apps that are available that work offline.
And yes, Netflix, YouTube etc., no problem.
Which is probably why they're so popular with schools. I no longer own one but when I did it was my go to for email and basic web stuff.