iOS Simulator is NOT an emulator. This is a simulator. It does not emulate iOS equipment, it launches your application, compiled as a 64-bit Mac application for Mac, and displays it inside an iPhone-like window that looks and looks like an iPhone, but does not have all the functions, and some do not work. same way.
For example, iOS has a case-sensitive file system, Mac does not work, so iOS Simulator also does not work. In addition, there is no camera, SMS, compass, accelerometer, magnetometer or other features of the iPhone.
So, yes, you can test some applications using iOS Simulator, but no, you should not test them only with iOS Simulator.
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