As one who is slightly past the noob stage in embedded systems, my impression is that the device can't run a stored program on board. In other words, it's not an Arduino.

At the same time, an Arduino is not this. An Arduino can make measurements and generate signals, but doesn't come with pre-written support software if you just want to use it for that purpose.

For this reason, you might actually use something like this electronics lab alongside something like an Arduino, and use one to observe and measure the behavior of the other.

Even for a "embedded noob", the specs are not that useful. You need something better. See my other posts in this thread for alternatives.