Node.js is exactly used for back-end development, but it is popular as a full-stack and front-end solution as well. It is used primarily to build web applications, but it is a very popular choice for building enterprise applications too.
Developers like it because of its versatility, agility and performance. It increases productivity and application performance in a significant way. Since Node.js has a long-term support (LTS) plan that provides security and stability, it's no wonder that huge enterprises constantly add it to their stacks.
It is non-blocking and event-driven. Node.js applications uses “Single Threaded Event Loop Model” architecture to handle multiple concurrent clients. These features are key factors to make real time web applications.