> description says there’s a 10A fuse. ... I guess a vehicle would have another fuse of some size between battery and outlet.
Car cigar-lighter circuits, at least since the 1961 Willys, have fuses. Usually 10A.
Often dedicated. Rarely, the clock or radio-memory is on the same fuse. (Not the radio play-power, since that's pushing 10A.)
They "have to", since users now stuff all kinds of things (except cigar-lighters) in these holes, then pinch the flimsy cords.
The plug itself "usually" has a fuse. Unscrew the end. The fuse does the job of the first inch of conductor out of the tip contact. Of course the car can not rely on an appropriate fuse in the plug.
The binding posts may have uses. I got a large 12V:110V inverter. It has a cigar-plug, but a note says that to use the full output (300W?) I *must* convert to hard-wire. If I just wanted a quick-test (I found it in a damp yard-sale) and didn't have that cigar adapter, I would want the thing in your picture.
I don't think that binding-cigar thingie is near as dangerous as the heavy lugs and wires they sell in all car-sound shops. 5,000 Watts that don't sag when the bass booms. Of course that's not as easy as the cigar-plug.