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I always like to think: what happens if some random hacker (either a bored teenager or hostile state) was able to control this thing?
Operating locks? Hell no. Controlling my thermostat/furnace? Hell no.
Monitoring locks? Like, having a sensor that indicates that a door or window is locked or unlocked and can notify you when it changes? Well, personally I still don't do that because broadcasting to the internet that my window is unlocked seems dangerous, but I could also understand how that could be helpful, especially for people with OCD.
Controlling my window-mounted AC units? Mild inconvenience at worse. I could go without them in the summer and just be a bit uncomfortable (and some years I do to save money). They aren't powerful enough to be dangerously cold. I could always unplug them or kick them off my wi-fi if I had to. Worst-case scenario is that someone runs up my electric bill if in away from home for a bit. The ability to change the settings, set automation, and monitor room temperatures remotely is convenient enough to be worth the risk.
Lights? No problem at all, especially because I still have dumb lights in some fixtures that I just don't use often. So the worst-case scenario is that someone turns them on/off when I don't want, and the solution is just... Unscrew the bulb, unplug the fixture, or flip the switch to cut the power. Or turn on a dumb light. LED's are so efficient that I probably wouldn't notice a difference on my electric bill if all of my lights were on vs off for a full billing period. In exchange, I'm able to use light turning on as a much gentler alarm in the morning, or turn everything off from bed when I'm ready to sleep, or if I'm out at a friend's house it's nice to have lights on before I go home.
Each piece of automation is its own evaluation. What could go wrong, and how much damage would that cause? What information do I care about potentially being leaked? How much efficiency and convenience am I getting in return?