Yep, and if this happens you need to get promoted quickly out of that or you’ll get stuck at it. It’s great fun, and you’ll learn about every project your company has going on by doing it.
One should distinguish between high-stakes vs low-stakes firefighting duties. The former could fast-track one's career, but the latter is a guarantee for stagnation.
My experience has been you'll be regularly moved around to mitigate the "bus factor"
If you're seen as highy capable you'll be moved on to firefighting duty.