The THE bike stand is designed to hold the back wheel of your bike between its two upright plates while you park or work on your rig.
Most stands of this nature come unstuck when larger width tyres are used, but THE have bypassed this problem by having adjustable position plates, which allow for different widths of rubber. Not everyone can afford to have a full workstand at their disposal, but a stand like this means you can carry out basic maintenance, and because it's portable you can chuck it in the boot when you go to the trails. If you buy more than one they will lock together in a row.