Nosehair hit it on the head. It's for training purposes. Any yahoo can keep it full throtle. It requires a pilot to be in positive control and well ahead of the aircraft to perform this technique. If your are learning in a complex aircraft you are no longer an amature pilot. Avbug, as always, shared some great examples of needing to do it in "real life." Also as nose hiar said, the CFI needs to imress these ideas on the student. My biggest fear is training students who cannot fly the plane to its limits and how to stay away from the limits. Few people have told me I am going to get myself or someone else killed. The reason I do not have casualities is because even when bushing the limits I always have a safe way out. That is what students need to know, the safe way out.