Is VST Multipanner binaural tool?

Cubase
1

Is VST Multipanner binaural tool?

Or how this exactly works in a normal project?

2

is not clear to me if in a normal project works the same

VST MultiPanner (steinberg.help)

3

What exactly do you mean by “normal project”? A stereo project?

I don’t work in surround sound, but this:

In stereo or multi-channel configurations, the left and the right front channels are represented by a yellow and a red handle. You can position the sound sources within the room by dragging the panning handles.

For 3D channel configurations, object-based audio, and Ambisonics audio, VST MultiPanner offers additional settings and an additional 3D pan area.

Leads me to believe you can use this plugin in any channel configuration—from Stereo to Atmos.