Use it for what exactly? For decades the militaries of the world have subscribed to the theory of detterence - build up a force sufficiently large that no one in their right mind will try to attack you, and thus you don't need to fight. Under such a doctrine, the entire point of the massive spending is to not use it.
As we see in Ukraine, the decision to try and flex military strength can be quite disastrous when you demonstrate your immense military is actually a paper tiger - it generates complaints domestically, and erodes credibility abroad, to say nothing of the various other negative consequences of fighting a prolonged conflict.
China is a land power, always has been, always should be. It has no experience conducting naval operations, exceedingly few foreign bases for supporting long range naval power projection, and it is totally reliant on the maritime status quo. China likely wants to deter anyone from getting ideas about interdicting its shipping, and is probably happy to find a use for its excess steel production, but it would be crazy to pick a fight with the world's dominant naval power, which is coincidentally one of the world's premiere nuclear powers, and geographically unassailable by conventional forces, and there really isn't any naval opponent that isn't allied with one or the other. It's almost certainly intended as a fleet in being, at most an insurance policy in case America becomes isolationist in the next few years and there is a power vacuum.