When I use it, it’s in place of Emacs or Zed and dealing with smallish projects in well-supported languages. The phrase I hear a lot is that it’s a “Mac-assed Mac app”, integrated into that environment far more than the others. For instance, you can’t script Emacs with Shortcuts or AppleScript.

This isn’t objectively better or worse. They have features BBEdit doesn’t. It has features they don’t. The rest largely comes down to taste.