YouTube Live... A Must have solution

so YouTube Live is fairly very easy to use, and now one can even go live directly from mobile without the need of any streaming software etcetera but overall, when you combine it with a streaming software the output becomes definitely much better. YouTube has one of the highest number of audience and discoverability of quality content is relatively more easier. It's one of the most popular platforms, sharing content on it. Transcribing it. Editing it. Adding post production musics. Blurring et cetera is very easy on Youtube, and thus YouTube Live which, is an extension of Youtube, makes the experience very wholesome.

YouTube Live is best suited for conducting live interviews, live podcasts, live events, this could be either digital or physical events, community building, community connect, education, webinars, product launches. another good use case is for having live exercise sessions like live yoga sessions or meditation sessions where instructor led sessions can be conducted remotely and two way communication can be established using the chat function.
only place where I feel it may not be great is where you want to limit the access to who joins into the live stream especially when you are embedding it into another page restricting sharing becomes difficult. Or having the person find the actual YouTube Live link and share it without your control might make it difficult.