... Disregard the previous broscience posts.
The implication that growing muscle will simultaneously burn fat is incorrect. To be anabolic and growing new muscle tissue you need to be eating above maintenance, this will come with fat gain. Eating less over maintenance calories will limit this fat gain.
Is muscle growth beneficial for fat loss? Yes.
The more lean mass you have the more calories your body will be using to maintain this mass and feed this muscle.
Concurrent fat loss and muscle growth is not generally (without starting out very overweight or untrained) possible. But build up muscle and then losing weight will be much easier. Not to mention your bodyfat % will decrease as lean mass increases, netting you some aesthetic improvements.