On iOS you can squeeze the side buttons and Face ID's gone. Two seconds, works in your pocket. macOS has nothing like it.
PanicLock sits in your menu bar. One click (or keyboard shortcut)locks the screen but asks for a password. When you log back in Touch ID will still be active. Free, notarized and no data collection.
There's good reasons to keep Touch ID on day-to-day. It stops people watching you type your password, cameras catching it, that sort of thing. This is just for when you need it off sharpish.
More on the legal side of things (circuit split on compelled biometrics, border searches, etc.): https://paniclock.github.io
Happy to answer questions or hear what you think.
Right now it looks difficult to implement. There's no instant "purge keys from RAM" command and shutdown is slow. Maybe aiming for a similar state to logout might be a good middle ground? Logout locks the keychain and kills apps.