Unfortunately, that's useless if you need to store passwords for anything other than web use, if you need to automate the entering of passwords and so on.
I routinely use it for entering passwords to SSH or RDP sessions, and various other non-web passwords. Why would auto-type work only on the web anyway? You can also customise how the password is entered depending on where you invoke auto-type, e.g. if you need username/password, separated with a tab key in one place, but only the password in another.
