Tabasco is much more of a spice than a sauce, and I reckon thats one of the reasons its so popular. I can put Tabasco on many more foods of different types than I could with Cholula, Franks, Tapatio, Valentina, or Sriracha
Out of the hot sauces, Tabasco is my least used these days. 30y ago, it was really all that was available; but, now, we have such a wide and varied option set at just about every restaurant that I find myself almost never using it.