Estimates are difficult for developers and product owners

When you discover more work hidden under that "simple" pile of code, you absolutely HAVE to update your estimate. Add more points, add more tickets, whatever. But then your various managers have the ammunition to decide what to do next - allocate more resources to the project, descope the project, push back the release date, etc.

Far too frequently, the estimate is set in stone at the start of the project and used as a deadline that is blown past, with everyone going into crisis mode at that point. The earlier the estimate is updated, the calmer and more comprehensive action everyone responsible can take.

They wrangle a number out of you which goes into an user story estimate, which feeds into a Gantt chart they use to make their pretty powerpoints they present to upper management to say that the feature will make it into the Q4 release.

If you move this number around the whole estimation will crumble, not that it wont in real life but you deprave them of two things - an illusion of control and somebody to blame when things go south.