This is just an optional feature, nobody is forcing you to turn it on, or to care about it. Personally I rarely need a 100% charge: my iPhone 13 easily gets through a typical day with 40% remaining. But I do get annoyed when a phone is 2 or 3 years old and the battery is already worn out. Genuine iPhone batteries are expensive, and limiting charging to 80% will significantly extend their life.
Worn out batteries don't just have limited capacity, they charge slower and create more heat while charging due to internal resistance. I'd much rather charge to 80% for my typical day, but have the option to 100% charge on those rare occasions when I know I might need it (long day travelling, etc).