It is possible to use Lubuntu without installing it. In a live session yoru computer is running off a bootable media (USB, CD, or DVD). The session can also be used to install Lubuntu.
A good example of when you would use a live session is if your computer turns on and won't boot, you can run the live session. You could then mount the disk and backup all of your pictures or send an email. If your hard drive or SSD is no longer working, you can boot a live session and then order replacment parts. You also can feel free to try different things out in a live session.