NOPE 
Not enough CFM or capacity to do much of anything.
I have almost the same and other than filling tires and a quick blast with a air gun it is not enough for air tools.
You would need a tank about 2' in DIA about 4' high to do much of anything. It would take all day to pump it up for only about 1 min run time of a die grinder.
I would spend your money on a on board welder and buy some electric brush type tools. Then you could run tools all day long without stopping and be able to weld as well.
fudge! thanks for the help mark
