The idea is that it will help with performance, especially in high level athletes. This seems to be true from the few things i’ve seen with Phinney and very high level athletes. Those recommend consuming during exercise though, I have never seen any studies that shows “carb loading” is a thing for keto people.
Most of us are here because we have metabolism problems, insulin to be precise, so we control it and improve our sensitivity to it through a ketogenic diet. Fasting can help with this, especially hunger signalling it seems, that is why you see a lot of people talk about it.
If you are a sprinter, or are trying to set a squat record, a ketogenic diet is probably not for you. If you have a metabolism problem or do really anything other than the highest level sports then you will do fine. I have tried a couple tests and it didn’t go to well, still looking for the balance. I couldn’t go around the block on my bike last year, today I went 50 miles fasted and had no problem until the end. It didn’t feel like caloric deprivation or lack of carbs, it felt like a lack of salt. Horrible humidity and 3.5 hours of constant pedaling, I drank 4 liters of water during that time and hadn’t had any electrolytes, lesson learned.
When you get to the end of whatever goals you have, play around and see what works for you, before then is probably a waste. It reminds me of a bodybuilder friend decades ago when asked about steroids, once you have met your genetic potential and done all you can, steroids can be a boost, you shouldn’t be doing steroids when you first start.