Apart from your excellent insights, I also notice the Fool often brings a strong message about independence whenever he shows up.
If you want to go deeper, check the Marseille version, Le Mat. In that deck the dog nipping at his feet looks almost like an afterthought. Seen as the final card, the Fool can represent the path toward spiritual awakening after moving through the Major Arcana. He knows nothing’s permanent, so he’s not fazed by the Tower collapsing. He’s learned material things are temporary and travels light, trusting what he needs will appear when it’s meant to. He’s content and doesn’t feel the urge to chase possessions.
He learned some hard lessons along the way. From the Devil he saw how chasing pleasure can create attachment and then servitude. Justice and Temperance taught him how to make wiser choices and ride life’s ups and downs, seeing events as necessary steps. The Hanged Man showed him how to let go, find calm, and shift perspective. The Star and Judgment revealed the divine or bigger picture, so he doesn’t always have to be in control. Passing through the World’s gate ends one cycle and starts another where he’s more grounded, less tied to worldly anxieties, and ready for whatever comes next.
As the first card, the Fool also stands for open possibilities, fresh starts, and the need to release the past and try a new outlook. He’s joyful and innocent, unsure of exactly what he wants or where he’s headed, but there’s a quiet faith that things will work out. He’s immature in some ways, living without knowing what joys or pains lie ahead, and that’s why he takes risks without fear-because he’s held and guided. The cards that follow pull him back into the practical world by showing what to watch out for.
To me this card feels like the soul before incarnation, carrying a buried knowing about why we’re here and trusting we’re protected no matter what.