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The C96 isn't just a pistol though. At the end of the 1800s and for the first couple of decades of the 1900s, there was this popular idea of having an optional stock you could attach to a pistol, to let you aim it from the shoulder, making rapid fire and shooting at longer distances easier.
The C96 was one of the earliest automatic pistols to toy with this idea, and had the idea of having its stock double as its holster, thereby you could attach it to your belt and have the stock ready for grabbing and attaching if you felt using the pistol as a carbine was necessary.
The 1000m sights are still pretty silly at these ranges, but with the stock tight against your shoulder, and grabbing the front of the magwell to support the gun, you could definitely make some good shots at 50m, no sweat.
As a light carbine, I think the C96 is actually pretty radical. It compacts well for storage, fitting in its own stock, and rapid fire is quite easy when fully deployed. It's also a bit easier to hold onto the gun for stripping the clip into the magazine.