The way I see it, it's basically downgraded to a desktop (assuming it has a separate display output). People use laptops like that as desktops and even home servers all the time.
The two major things to look out for is you probably want to configure it so that closing the lid doesn't put it to sleep, and if possible, detach the battery and just run it off the charger to prevent the battery from puffing up from being constantly charged.
Hell, detach the screen entirely and you basically have a DIY modern Commodore 64.
