Yes we use fuse holders like that in our control panels. They either have Neon or LEDs in them. You do have to be careful, they pass a couple mA through the bulb so if you leave the bulb in the circuit it will pass enough leakage to bite on 120 V ac.

Back in day when you had the old Edison base fuses in the house fuse box, you could put a 100 W buib in for a fault finder. I wonder if Edison himself thought of that possibility and designed the system such that a bulb could be installed in place of a fuse.

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The OM 642/722.9 powered family
Still going strong
2014 ML350 Bluetec (wife's DD)
2013 E350 Bluetec (my DD)

both my kids cars went to junkyard in 2023
2008 ML320 CDI (Older son’s DD) fatal transmission failure, water soaked/fried rear SAM, numerous other issues, just too far gone to save (165k miles)
2008 E320 Bluetec (Younger son's DD) injector failed open and diluted oil with diesel, spun main bearings (240k miles)

1998 E300DT sold to TimFreeh
1987 300TD sold to vstech