I run an Outlander PHEV
The phone app has the following capabilities:
Shows the state of battery charging - I use this a lot
Turn heating on/off - very useful on cold mornings to warm the car before setting off
Turn on headlights - possibly useful if it's night in a big car park and you've forgotten where it is, but I've never used it
Timers - for automatically charging the car at a set time, don't use this
Change car settings - which includes the alarm function.
As Mitsubishi state, you can disable the car alarm, but if you want to drive it away, you'll need a key. I can't say this is my greatest concern.