RFC 0007 - Chat Capabilities in Extensions

the rate limits seem incredibly low

I don’t think these capabilities designed to be used for viewer interactions, they’re more to give existing (and future) extensions a way to draw attention to themselves with a call-to-actions in the chat area (where a lot of user eyeballs tend to be). Chatbots are definitely going to remain the way to go if your app wants to read/submit messages in Twitch chat, at least for now.