Admittedly not a very common occurrence, but it is possible for a second stage to fail and not free-flow. The most common version of that would be losing the mouthpiece (happened to my buddy). While you can still breathe off a reg without a mouthpiece, a backup second stage may be helpful even in situations that don't involve sharing air.
And by having your alternate bungeed around your neck, you have quick access to gas if you lose your primary. Yeah, all OW divers should be able to recover a lost reg, but sometimes it's not so easy when you are doing it for real, and could be enough to start a panic spiral.
Just saying that a backup 2nd stage is a pretty good idea.