Cutters of similar style are made for shearing plastic pipe, pvc electrical trunking and similar. Could also be for cutting multi wire cables. Just a case of finding out what diameter fits the recesses best.
Most of those now on the market at affordable prices seem to be single size. But a while back I had an inexpensive one with two interchangeable anvil sets each having two curved support sections similar to the that tool. So mine could deal with four sizes of "pipe". Actually two pipe sizes on one anvil set whilst the other handled round and square mini-trunking. Cheap die cast pliers broke fairly soon but it lasted for most f the job I needed them for so i guess I got my £5 worth.
If you want to spend serious money there is a plethora of expensive ratchet action plier bodies taking similar cutter and blade anvil sets, electrical crimp "things" et al. Pretty much anything else that an installation person might want to squeeze that doesn't need more force than one hand can give really.
That one is probably a less expensive one kitted out for a specific job.
Clive