IMPO, this sort of isolation is the future of endpoint security. Linux has seccomp (to filter syscalls), landlock (to limit filesystem access), and other ways that devs can build these restrictions into their source code (no external MAC needed). I've lost count of the major and minor MACs that Linux offers now. OpenBSD has pledge and unveil that basically allow the same sort of thing.
I would not consider docker/podman as equivalent. They are great for bundling and running apps, but they are not doing mandatory access control. So be careful if you consider docker as a replacement for SELinux... it's not the same thing at all.