A chain tool is a versatile device designed to assist in the installation, removal, and repair of bicycle chains. However, its compatibility with different types of chains can vary. 
Most chain tools are designed to work with standard bicycle chains, which include those used on road bikes, mountain bikes, and hybrid bikes. These chains typically have a width of 1/8" or 3/32" and are compatible with most chain tools. However, the tool's effectiveness can depend on the specific design and quality of the tool itself.
When it comes to more specialized chains, such as those used on BMX bikes, single-speed bikes, or internally geared hubs, a standard chain tool may still be effective, but it's important to ensure that the tool can accommodate the specific width and pin size of these chains.
For modern multi-speed bikes, especially those with 10, 11, or 12-speed drivetrains, the chains are narrower and more precise. Not all chain tools are suitable for these narrower chains, and using an incompatible tool can damage the chain. It's crucial to use a chain tool specifically designed for the number of speeds on your bike to ensure proper pin alignment and avoid damaging the chain.
Additionally, some chains, like those with quick links or master links, may not require a chain tool for removal or installation, as these links can be opened and closed without tools. However, a chain tool may still be necessary for initial chain sizing or if a pin needs to be replaced.
In summary, while a chain tool can be used on many types of chains, it's essential to ensure compatibility with the specific chain type and speed to avoid damage and ensure proper functionality.