Actually, most of the time multiband is a good way to 'flatten out the mix', unless you really need to use it and know what you're doing.
The common conception is what you describe, that MBC is a better way to fatten a mix. In reality, it was created primarily to address issues that couldn't be cured with regular compression/limiting.
Another misconception is that the more bands the better, when in reality I bet most professional mastering guys RARELY use more than two bands at once. Typically it's used to tame an unruly bassline or kick, provided of course EQ and the possibility to redo the mix have been explored first.
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