NFPA doesn't entirely agree. Discharge can hurt batteries and cause a thermal runaway. A battery explosion probably causes less damage than a raging fire.
"For most cells , discharge below 3.0 V can cause degradation of electrodes and thus discharge below the manufacturer’s low voltage specification is referred to as over-discharge. Repeated over-discharge can lead to cell failure and cell thermal runaway (discussed below). For most cells, charging significantly above 4.2 V (e.g., to 5 V) can lead to rapid, exothermic degradation of the electrodes"
"High rate discharges can cause heating of cells, in some cases to the point of damaging internal components such as the separator, and can lead to cell thermal runaway."