It doesn't make sense from a realistic point of view and even less from a gameplay point of view. You lack the freedom of movement to effectively tie yourself up without help. And even if it was possible to restrict movement enough to justify this action there is little to no benefit in doing so.
In fact it's way too easy for a held up person to slightly move and cause you to start the default "tie yourself up" option.
It should be little to no effort of removing the action.