This was my first thought and I suppose flock(1) could be used to recreate a lot of this. But it does come with some other quality-of-life improvements like being able to list all currently-used locks, having a lock holdable by N processes etc.
flock is indeed built-in: `flock -xn /tmp/mylock.lock -c "echo running locked command"` does mutex locking in bash. Your tool might offer better ergonomics or features beyond flock's capabilities?