Word request: multi-context-type
Solution 1:
In the first case, you're talking about something that's multipurpose:
[Merriam-Webster]
: serving or able to serve more than one purpose
// a multipurpose tool
// multipurpose rooms
// a multi-purpose cleaner
In different contexts (situations), the device serves a different purpose. It's a multipurpose device.
In the second case, in contrast, you're talking about a single-purpose object.