It is a business display or an office work display. So far, higher refresh rates are only common and required in the gaming sector.
This has no advantages in everyday work, but rather disadvantages such as higher power consumption.
You can always argue about the price, but the price seems reasonable to me for the display quality, connectivity and ergonomics offered.
Visit Prad and read a few display tests (they are real freaks or professionals), then you will get a feeling for the different quality criteria in the various areas.