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I rarely use my Canon PowerShot S110. It's not my only camera, but it is my backup camera, since I take pictures for money sometimes. My main camera is an Olympus OM-D E-M10 Mk II. Despite being small and light compared to other cameras, it's still an ILC so I take a small bag with me for my 3 lenses.Before leaving my house I stop and think about any photo opportunities I may have before taking or leaving the Olympus based on hassle/weight and stuff. I mostly take snapshots with my $200 phone (Honor 7x) because I always have it with me or more deliberate photos with my Olympus because I want to use the best camera I have when I take a photo.
Compact cameras usually lack manual/semi manual exposure settings but the Canon S110 has them.
Compact cameras can give excellent image quality while being about the size of your phone. Phones still beat compacts for being with you 99% of the time. Depending on how good your phone's camera is, you may get acceptable image quality from your phone.
I still think compacts have a place, as they don't distract you from photo taking with notifications and phone calls. You're also less likely to lose the images as your camera can only be used to store images, so you may be more likely to back them up.
Most notable photos I took recently with my compact was a small concert at a local church. The band was a 5 person (I think) girl band called Las Fenix that played Hispanic music. I regretted not taking my better but larger/heavier camera to the concert.
