It's basically an oil extractor. Commonly used by BMW mechanics to do their oil changes. Bmws don't have an oilpan drain so they can charge their customers ridiculous money for a simple oil change. I use it to change the oil in my 4runner it's just cleaner and simpler. Don't have to take the skidplate off to prevent oil from getting everywhere.
This is an instance where i think it can be used. I havent used it for bleeding the brakes before. Just hoping to use it to extract the brake fluid from the bleeders. Hoping somebody may have some insight on whether the vacuum will cause any damage to the braking system.