A powerful email and collaboration platform developed by Microsoft, designed to support enterprise-level communication and productivity. Miscellaneous topics that do not fit into specific categories.
It is indeed a simple "container". What they mean with the description is that you can use said container to delegate access to various functionalities or resources, but it does not automatically provision such, unlike using a Microsoft 365 Group. As for the distribution list aspect of it, you can simply hide the group from the GAL, or configure delivery restrictions to avoid it being used as such.