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The GMAT verbal is bit nuanced and it's better to have a trained coach or a reputed course/book instead of relying on ChatGPT explanations. But for Quant, it's very helpful especially for the easy and medium problems, for the hard problems, sometimes it gives convoluted and sub-optimal way to solve the problem. Having a coach or a course and reading the explanations of experts in GMATClub for questions will be much more helpful in my opinion.
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Ultimately, ChatGPT (like all LLM models) is aggregating solutions and blending them into a recommended approach. Definitely works for easy to medium quant questions (which tend to be more about math concept fundamentals).

But what makes it less useful at the harder question level is how GMAT questions get harder - it's more about reasoning approach that harder concepts.
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