If you want to explore the north of the island and everything that comes with it, this location is perfect! From here you can easily drive to Hanalei as well as the world famous Kalalau Trail (reserve your parking spot!) in just a very short amount of time.
It's a bit further away if you want to explore the south/west of the island and you have to calculate a good 2 hours to go to i.e. Waimea Canyon as you have to go around the island but it's doable. Overall good spot to see and do a lot of cool things!