"A large 4K panel with basic smarts attached for an exceptionally low price."
4K HDR10 support means the TV recognizes the signal from a modern source like a PS5 or Apple TV, but it does not have the hardware (brightness and color gamut) to display the 'high dynamic range' part of that signal effectively.
This is a logical choice for a secondary screen in a guest room, garage, or dorm where price and size are the only important metrics. It functions adequately as a display for streaming apps when picture quality is not a primary concern.
Anyone seeking a main television for a living room should allocate more budget. The deficit in brightness, color performance, and motion handling means you will not experience the benefits of modern 4K movies, shows, or console gaming.