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Why is This Even a Button
(yiffit.net)
Baldur’s Gate 3 is a story-rich, party-based RPG set in the universe of Dungeons & Dragons, where your choices shape a tale of fellowship and betrayal, survival and sacrifice, and the lure of absolute power. (Website)
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It's a somewhat standardized functionality in many good games. Personally I have also lost some progress due to accidentally pressing it but I'd be way more annoyed to not have quick save and quick load as an option.
You should always check the controls / key bindings in games, sometimes there's very useful stuff there.