It's basically just a web browser with some tweaks for convenient offline Google Docs. You can unlock a full shell and download some decent editors (Caret is one that I've used), if you want to do JS or Python development. Unfortunately the third-party package manager ("chromebrew") does not have a very robust offering, so you're pretty limited in what you're able to do. You can try building binaries yourself but you'll need to build your toolchain as well.
