I have never seen these index functions used as a transfinite basis for a vector space. And it seems like the function is not a limit point of finite sequences of basis functions, but some weird transfinite sum with mostly zero entries? Clearly there is no Fourier transformation possible on all functions? I think diagonalization methods would be easy to disprove any useful result.

Even Hilbert spaces are usually just indexed by the ints. And such a basis gives you zero continuity or differential conditions. All the functional analysis I have seen uses some continuity conditions and has some countable basis. Other than that, it is a very useful perspective on functions, and kind of the required start to understanding quantum mechanics formalism.