The 1/0 blade is high-carbon steel with no lamination, making it thinner than its laminated counterparts and thus better for slicing. The shorter blade length and full-length tang would result in an excellent all-around utility knife, with a thin blade suited even for kitchen work.
Here are the fittings that this blade can be paired with, based on the sizes of the blade, tang, and slot. Any fitting labelled "might be too small/big" will still fit the blade, but might not be a good match depending on the style of knife that you're making.