Shows you are putting yourself in someone's situation to understand their feelings or actions. If I were in your place, I'd feel just as confused.
Pro Tip 2/3
Advice Giving
Used to give someone advice, by imagining what you would do in their situation. If I were in your place, I'd take the job offer.
Pro Tip 3/3
Decision Making
Helps to discuss different options or paths one might choose when facing a decision. If I was in your place, I wouldn't sign that contract without reading it thoroughly.