Yeah, I think something like this would be huge simply on the fuel side of things. I think our space travel right now is limited by mass and by how much you fuel you can launch into orbit, and how much fuel you can safely burn through to still have enough fuel left over to do spacy things when you get there. Right now we just can't carry enough of it.
To go someplace like mars, or even the moon, we have to find the most fuel efficient ways to get there. That means, just enough fuel to get into orbit (which takes the most), leave the earths sphere of influence, change our orbit around the sun, then coasting to our destination, then slowing down to establish orbit. That coasting bit is the longest part of the journey and for the most part done at relatively zero acceleration (discounting velocity changes due to orbital mechanics. We only carry enough fuel to change our velocity enough to get where we are going, then slow down.
Now imagine we could take off from earth, point a space craft generally in the direction of mars and burn the engine so we accelerate for half the trip, then flip over to burn the engine the other half to slow down. The time savings would be huge. Not to mention fringe benefits like being able to burn a constant 1g the entire trip...micro gravity becomes a null issue. That's pretty exciting.