According to the Fuchsia Gerrit, microfuchsia will run on virtualization programs such as QEMU and pKVM. pKVM was developed by Google with a layered security approach to securely run workloads in an isolated environment. The company even developed a heavily trimmed-down version of Android called “microdroid” to execute those workloads.
It’s possible that microfuchsia will work in a similar manner to microdroid. In simple words, it might be used to run tasks that need to be carried out securely.
Why Google wants to create microfuchsia when microdroid serves the same purpose is not known, but it might be because Fuchsia is considered more secure and performant.