Elevenlabs started rolling out a generator for very basic sound effects. Using it made me wonder what the application for things like this would be. If it was realtime it could be used for games but then there is the lack of predictable quality control.

For (cinematic) sounddesign the quality is not nearly good enough yet. For simple home-style videos dozens of (more fun) options exist - foley, free sound libraries, freesound.org, going out with a phone and record stuff.