Depending on how you look at it, you could view large chunks of DOM state through this lens, as intermediate data that only exists to cache HTML parsing results. What's the point of allocating a hash table to represent element attributes if they are unchanged from the source document, and reparsing them from the source is just as fast as keeping around the parsed form? etc. These kinds of tricks only tend to present themselves after optimization work is done, which is annoying, because it's usually so damn hard to justify optimization work in the first place.
Then you consider 3 billion people use chrome (or Chromium derived browsers) multiply that out by how much html gets parsed/scanned a day by those users and then consider the energy costs - it quite quickly gets to a massive number (and that's just actual users, Chromium is also the core of Electron and a alot of other tooling)
Simply put at Google's scale, tiny incremental gains compound to a massive species wide saving.
At scale everything matters :).
Also, speeding up html parsing means speeding up browsers, crawlers, e2e tests, visual regression tests, etc...