Microsoft Defender's Controlled Folder Access feature shows that notification when an app accesses the user shell folders. This is normal. You may receive a similar notification for RuntimeBroker.exe as well.
Since C:\Windows\System32\SnippingTool.exe is a legitimate Windows file, there is nothing to worry about.
You can add SnippingTool.exe as an exception to the Controlled folder options to prevent the notification.
- Open the Windows Security app.
- Select the Virus & threat protections
- Select Manage ransomware protection.
- Under the Controlled folder access section, select Allow an app through Controlled folder access
- Select Add an allowed app and add "C:\Windows\System32\SnippingTool.exe" to the exceptions.
Allow an app to access controlled folders - Microsoft Support: https://support.microsoft.com/en-us/windows/allow-an-app-to-access-controlled-folders-b5b6627a-b008-2ca2-7931-7e51e912b034