It seems like a good lumber substitute for pine as it's light but harder. May have no better durability when it comes to moisture, but one turns to cypress, cedar, or redwood when you're really looking for that. I would guess because it's not as uniform and straight a tree as pine it's not seen as viable to commercially harvest as much. In Europe they have a bunch of different tall straight poplars, while in the US poplar is often used interchangeably with Eastern cottonwood. Then there's western black cottonwood too, which I'm less familiar with. I'm curious where they do sell poplar as lumber in the US, what it is. My guess is probably one of the Canadian poplars. You rarely ever see any lumber being sold commercially as cottonwood. This is a great piece on the undervaluing of cottonwood.
https://www.mortiseandtenonmag.com/blogs/blog/misunderstood-maligned-rethinking-the-cottonwood
I'm loving the tangents this thread has taken. Some of the most fun, informative, thoughtful posts I've seen on a thread in awhile. Like pdqdl reminds us, he is an arborist. Many folks on here are. It's arboristsite after all. Shouldn't be a surprise that we're not all chainsaw hacks and that there are a lot of educated people on here with serious tree knowledge. But doesn't always show itself. "Educated" has become a bad word in some circles that people associate with elitism or academia, but it just means you've learned information and processed it, it doesn't have to be from school. When I was living in Mexico, I was telling a Mexican friend I couldn't believe one of our "educated" neighbors believed the myth that if you put a full plastic water bottle on a lawn, dogs wouldn't poo there. My friend corrected me - "Rafa went to university, but he's not educated."