Seeking advice, do we need this?

Got this gifted from my MIL (after we had discussed it and said that it was going to be too big for our space). My husband and I live in a two bedroom apartment. We already bought a twin bedside bassinet for the first couple months and plan on transitioning to cribs in their own room after. Would something like this be useful to us? If not, what should I exchange it for instead?

Got this gifted from my MIL (after we had discussed it and said that it was going to be too big for our space). My husband and I live in a two bedroom apartment. We already bought a twin bedside bassinet for the first couple months and plan on transitioning to cribs in their own room after. Would something like this be useful to us? If not, what should I exchange it for instead?