In my case, it serves primarily to catch the best network to a place where I had no bar to an IP camera WIFI as impossible to pass an ethernet cable at this location.
I tried behind a large bearing wall and it works too.
If you have a small network in one place, it will stabilize the connection but not increase throughput phenomenally either.
The ideal is to install it halfway between your box and the device.
The advantage of this model is that it offers in addition an Ethernet port on the side to connect directly to a PC or camera without wifi but just with their cable.