When using a second extruder, this y-juntion allows the use of a second material by retracting one filament behind this junction and feeding the other.
For my personal use, i have switched to the version with 3 couplers, as I need a ptfe tube inserted into the hotend to not clog.
→ https://www.printables.com/de/model/175002-y-junction-for-ptfe-tube-to-ptfe-tube
The author hasn't provided the model origin yet.