I like the size and I'm thinking it would be very handy for pilot holes in finish work.
In my opinion, push drills are one of the finest developments of 19th century woodworking technology. Yes, handy for pilot holes almost anywhere. They are beyond compare when your lifemate asks you to install blinds, curtain rods, or other such household attachments, because you can put one in your back pocket or tool pouch and pop up and down the ladder without the weight and awkwardness of an eggbeater or power drill.
Every once in a while, when I'm installing a metal electrical box on a flat surface, I have to relieve the surface material behind the ground screw hole, so the screw will go in easily. A push drill can ream out wood, plaster, etc. without damaging the threads in the metal box.
If the bits that came with that drill aren't the sizes you need*, though, you may discover that it's very, very hard to find bits that fit the drill, and that it may be easier and cheaper to pick up a Stanley push drill with its bits.
But do make use of this, and see what you think.
*I find the bits in the smaller half of the range most useful, with the smallest bits most useful of all. Trouble is, they're also the ones that break first, partly because of their size, partly, I suspect, because everyone else has found them most useful.