Absolutely. If my options are 1) halt the process when the lid closes or 2) let the battery die heating up the inside of my bag and then the process halts anyway when the laptop dies then please, please let me choose #1!
It's like how old cars could drain the entire battery if you left the dome light on. Why would they allow that?
Similarly, I can't think of a use case for preferring that processes keep running all night on a closed, unplugged laptop until the battery dies at which point they all halt anyway. But if someone needs this behavior I suppose there could be an option for it.