It's the right sort of drive for an NVR or a CCTV recorder, which is the job Seagate rates it for. It turns up when you sort everything by price per TB, which is why it's labelled here. In a NAS you'd be running it outside what Seagate rates it for, and for an array you want a drive that's rated for one.
!Watch out for
It isn't a NAS drive, and Seagate gives it no NAS bay rating. Building an array? Get a NAS or data-centre line, which comes with the rating.
No Backblaze failure rate for this one. They don't run enough of them, if any, for a figure worth quoting. Seagate's datasheet puts it at 26 dB idle and 28 dB seeking. Power draw is 3.4 W idle and 5.3 W working on Seagate's figures, or 30 kWh a year if it spends the whole year idling.
Specifications
Each value links to the Seagate page or datasheet it came from.