Yeah the R&D that goes into this is mainly part of the longer term effort to make increasingly large quantum computers.

In case you meant it the other way: the number of qubits here is still far too small for any real world application, including for simulations that would help design larger chips.

In a way, yes. I usually call such devices "technology demonstrators". But I am certain there would be researchers offended by such a trivialization of their work.