I would guess this is for display / decor only but I don't really know anything about horses or horse riding. Maybe it is a worthy saddle. It does look pretty old though. The item "Vintage Leather Western Pony Horse Saddle Wooden Stirrups Youth Sized Kid 12" is in sale since Thursday, November 14, 2019. This item is in the category "Sporting Goods\Outdoor Sports\Equestrian\Western Saddles & Tack\Saddles".
The seller is "estatesalegems" and is located in Boston, Massachusetts. This item can be shipped to United States.