The purpose of using a Password Manager is so that passwords can be stored in a secure place and cannot be accessed from anywhere else.
It would be great if the passwords for some items could be automatically renewed at certain intervals for security reasons. This would help us add another level of security. On the other hand, two-factor authentication is not enabled on every platform, so this could be useful in such cases.
If there was such a feature, I would definitely prefer to have the passwords of my critical accounts auto-renewed according to the password policy.
In corporate use, hundreds of accounts can be stored and the number of users accessing the vaults can increase. In such cases, this feature would be preferred.