I have that stand and it's great for two bikes. Be sure you put your lighter bike up top, and that you actually have the strength and range of motion to do that. When I had my shoulder surgery last year my top bike did not move for about 8 months since there was no way I could get it up or down.

You might be able to rotate the pedals slowly and carefully if you raise the bike up high enough to clear the "feet" which are angled out. With only one bike you could do that. But it would probably be wobbily. It would work to inspect your tires, but as Oakleaf says, you would not want to do any chain cleaning inside. Grease, lube, grime, dirt will fly everywhere. Chain cleaning is a chore best done outside.

Before I got a work stand, I was able to attach my (car) bike rack to my deck rails with nylon straps and bungy cords and work on it there. It's a very old Allen trunk bike rack and quite versatile, but it was a backbreaking height and the work stand is clearly the way to go.