Audacity doesn't have the capabilities of popular DAWs and generally isn't considered to be good option.

Users are unable to change effects in real time with Audacity. If effects are to be changed, no sound can be playing or recording.

Audacity uses destructive editing, meaning applying effects, cutting, etc is non-reversable after you've saved a project.

You can only use effect plugins or record live with this DAW.

Audacity is available only as a 32-bit application, therefore even when running on 64-bit machines, it only supports 32-bit VST plugins unless they are converted to 32-bit using an application such as JBridge.