If you are a student, I'm pretty sure there are boring tasks that can be automated. Something that's special so you are not likely to find existing tools.
But since you are a student, simply reinventing something, cloning a board game you like (I make minesweeper in pretty much any programming languages I work with), remaking msPaint is not a "stupid" decision as it would be as a pro.
For example for work, I did a picture manager program. Pictures can drag+drop sorted, comments can be assigned, picture entries can be colored (for marking purposes), images can be cropped with arbitrary angled rectangles. And all pictures can be inserted into a Word document using the report generation toolkit and some VB scripting.
This is just a small tool but it can be extended infinitely and has lot of areas that you can practice. And doesn't need any hardware (measurement or controller devices). Just a computer.
EDIT: in general, Labview is a pretty productive language for GUI heavy applications. Graphs are very typical Labview things and they can be customized beyond a mere measurement plotting widget. So for a student project I would prefer something that involves graphs in some ways, usual or unusual ways (like some task scheduler or fancy calendar-thing, just throwing ideas).
Another idea is making some cellular automata, like Conway's game of life. You could and controls to it, maybe even drawing the initial filled cells (you have to solve the rendering of the field: table?/graph?/picture? and you have to handle mouse clicks) and add some additional graphs that plot some interesting data vs. time diagrams. Like the percentage of alive cells, or whatever. Maybe you could also make some overlay heat map on the field to see if there are places that alive cells are more common.
You could add a menu to switch between different automatas. Maybe adding an option of hexagonal field.
Man, now I want to make it 😣