It’s a jack of all trades for sure, but it also has features paid software doesn’t, like it’s 2d animation system with Grease Pencil. There are also paid extensions on BlenderMarket and the like that make it more competitive with more specialized features in other software. Extensions are GPL licensed, so I’m happy to pay for them as opposed to the rest of the toxic CG ecosystem where everything is subscription-only.

Edit:

I wish all paid software were GPL. It’s nice buying something and being able to look at and change the code, write code that calls their code, or even snag a bit of it for to use in your own thing.