That appears to be a Black & Decker Dremel clone and I cannot tell from the link what type of chuck it has. Unless they've changed something, the chucks for these things will only accept one or two sizes of tool shank, so you may be able to use it as a drill for one or two bit sizes, but that's it. IOW, not a good substitute for a drill. I would suggest that you buy a drill. Every man should have a decent drill. Don't know how I could get along without one really.