For aerobatic aircraft it could be a big deal. High power motors and the desire to be as light as possible will probably drive power recovery and even crazier stunts at airshows.
Gas turbines need to keep running to sustain combustion but electric motors can start and stop instantly with current flow; it seems possible to use this as part of the dynamic control of the aircraft.
Unless we’re talking about very short flights the majority of your energy would be expanded at cruising altitude especially since electric engines have a fairly flat efficiency curve.
Pretty sure I used to do that when I used to fly in my Microprose F-15 and was short on fuel.
At that point, your flight is over and you don't need any extra range.