Mini train case to be transformed

We have an Ulta store that sells all things related to beauty..hair, face, etc., even a salon.  In the clearance section I found this mini train case full of make up.  It retailed for $24.99 but was reduced to $9.99.  It's 7" square/tall when closed and extends to 17" when open.  Doesn't it look like it could be used similarly to Tim Holtz's Trinket Case?  It comes in this red or an off-white with a darker brown-ish/gray color in the grooved portions.  Guess it's supposed to resemble alligator skin or something.  Red is one of my favorite colors so I may not be transforming this except to remove the make up trays and use it for more suitable purposes, like embellishments.  LOL  It seems quite sturdy and able to hold a fair amount of weight.  I can't wait to put it to the test.