"A cheap, loud, and inefficient solution for beating summer heat in a small room."
The '8,000 BTU Cooling Power' is a lab measurement. In your home, this unit's single-hose design means it can realistically handle a small bedroom (under 175 sq ft), not the claimed 215+ sq ft, especially on a hot day.
This is for renters whose landlords prohibit window units, or for anyone needing temporary, last-resort cooling for a small space on an absolute minimum budget. Its low purchase price is the primary reason for consideration.
Anyone who is permitted to use a window AC should buy one instead; it will be quieter, more efficient, and more powerful for a similar price. People sensitive to noise or concerned about high electricity bills should also look elsewhere.