That's the idea, yes. It's got a very basic API for fetching common data and getting aggregated stats (like follower count, etc). It's part of the stack that nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg runs on.
TBH, I'm not sure what I will use it for but I wanted to get it up and running and explore it.