Yeah. At the union hall where I got my structural steel welding cert, there was a whole yard of "don't do this shit" that they walked the class around. Almost all of the examples had killed someone too. There was a whole section on definitely do not compress liquids in random dumb ways. I don't remember the details but there was a box like a custom made toolbox for a pickup truck that someone had built square tanks into and was doing something like a service truck transferring fluids to heavy equipment. It wound up blowing apart catastrophically and killed more than one person. They did the investigations at that hall so they had all the bad stuff already and had to keep it for a designated amount of time for legal reasons.
Air is not super duper dangerous like any kind of fluid. Fluid is what will get you, and that compressor will have fluid in the bottom, so it can get you.
That was my main take away from structural steel; compressed fluids = xrays + engineer & with no exceptions.