I have one connected to my Television, but it’s a hassle for games to unhook for games I want to play on the monitor for better latency like rhythm games.
I had heard of some third party ones potentially damaging switches back in the day, and wondered if they have improved since then.
It helps mitigate that risk to a degree, yes, but why take the risk at all? There aren’t any really good alternatives out there, that I know of, and the official dock does it’s job just fine.