Because Jesus Christ is God, His rightful place is to sit on the throne, high and lifted up. "that in all things He might have the preeminence" (Col. 1:18). There are several other places in scripture where it describes His THRONE.
(1). Psalm 47:8 "God sitteth upon the THRONE of his holiness. Divine sovereignty is always connected with holiness. Unmoved, our God occupies an undisputed throne, whose acts, decrees, and commands are holiness itself. Therefore, He is to be referenced by all (Psalm 111:9).
(2). Psalm 89:14 "Justice and judgment are the habitation of thy THRONE. " Because God is holy, He must exact the full penalty for sin. "He will by no means clear the guilty," therefore, He is to be feared by all.
(3). Heb. 4:16 "Let us therefore come boldly unto the THRONE of grace, that we may obtain mercy, and find grace to help in the time of need." We give thanks that our God is not only holy, but also that He is merciful. He said, "I will be gracious, and will shew mercy on whom I will shew mercy" (Exodus 33.19). Therefore, He is loved by all who have received His mercy in time of need at the foot of His sovereign throne.
(4). Psalm 46:6 "Thy THRONE, O God, is for ever and ever. God is eternal, He has never vacated His throne nor will He ever do so. "I am the Lord there is none else. " Therefore, He is to be adored and worshiped by all (Psalm 99:9).
(5). Isaiah 22:23 "He shall be for a glorious THRONE of his father's house. " The determined end of all that God does in grace or judgement is to receive all the glory. We will either be a trophy of grace to His glory or a trophy of wrath to His glory, but He will receive all the glory. Therefore, He is to be praised by all.