"const a = {}" disallows reassignment to "a" but still allows you to mutate the object e.g. "a.b = 1". The const context does not allow you to mutate the object.
`as const` is useful there as well, as TypeScript’s type inference only narrows as far as the type and not the literal value. `let z = {text: "hello"}` has the shape `{text: string}`, with `as const` it has the shape `{text: "hello"}`.
Because `const` is a js level keyword that has different semantics: it applies only to the reference binding being immutable, not the value as being so. `const a = "hello"` does have the shape `"hello"` as you’d expect, since strings are immutable in js and the `const` keyword makes the binding immutable as well. But objects are mutable, so TS can’t be a superset of javascript and change the semantics of that behavior. Hence `as const`.
This is different to the widening of value types within objects, which is a tradeoff made towards unsoundness with the belief that it would otherwise make interoperability with existing js too difficult, for which `as const` now serves as a way to explicitly opt into sounder behavior.