My use is temporary, for comparisons primarily.
For Stereo you need two splitters.
Pair of Jacks on a Device may be too close together for splitter gizmo, while splitter cables preserves tight spacing on the unit (i.e. my Vintage McIntosh Preamp)
Length of splitter cable can move 'joint' up for easy access
This stereo kit is available to buy by the foot
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i.e. I temporarily hook up friend's equipment (or my other stuff) to my system by adding the splitter 'down/back there', then a pair of jacks at accessible height.
Permanent/semi-permanent split, then access less important.
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You might need 'two in' and/or 'two out' depending on what you are doing