Absolutely, sometimes you want to be engrossed by the film. I imagine it could be useful for a lot of video content, that's a great use case you thought up right there.
Also.
Adding more info to instructional videos?
# KARAOKE
Nostr Karaoke
Streams could use it to sync the chat with the playback on later viewing.
subtitles for every video could be crowd sourced/AI generated, a nice accessibility feature