Device Manager is a special role outside of the permissions system, you can check which apps have the role assigned to them by going to Settings -> Security & Privacy -> Additional settings (not sure the exactly wording in english, lowest menu item) -> under Security there is Apps for device management.
What is this, and is it 'safe'?
It gives a wide range of insights and config rights that the permission system won't give you. Lawnchair for example needs it for the Tap to Lock feature. You will have to trust Microsoft's word that they only use the role for counting unlock attempts and other compliance-related telemetry.
Sadly there is currently no way to make this more granular or verify this behaviour. 🤷