It is a chord and scale library and does not show how those things relate or present them in a way conducive towards study of that. If you know how the information this app provides is related then you probably do not need the app for theory. Theory is not memorization of chords, scales and progressions; theory shows you how to construct those things so you do not need to memorize everything.
A slide rule would be more analogous to a musical instrument. If you want an analogy between this app and engineering in the slide rule days, it would be closer to a pocket sized reference book of log tables and formulas.