I think its most useful as an (often wrong) line completer than anything else. It can take in an entire file and just try and figure out the rest of what you are currently writing. Its context window simply isn’t big enough to understand an entire project.

That and unit tests. Since unit tests are by design isolated, small, and unconcerned with the larger project AI has at least a fighting change of competently producing them. That still takes significant hand holding though.