Is Synapse an ETL tool?

Could you please clarify if Synapse is indeed classified as an ETL (Extract, Transform, Load) tool? I'm interested in understanding its capabilities and whether it fits the typical functions associated with ETL software, such as extracting data from various sources, transforming it into a desired format, and then loading it into a target system for analysis or reporting. It would be helpful to know if Synapse offers these features and how it compares to other popular ETL tools in the market.