I assume by “power braking” you mean applying gas and brakes simultaneously.
The only time this is useful, as far as I know, is rally driving in a FWD car. Sometimes you *want* oversteer when racing, and it’s hard to get a FWD car to do that. It can be done, however, by applying gas and brake at the same time – they cancel each other out at the front wheels, leaving brake-only at the rear wheels, and under the right conditions this will make the rear end step out in a nicely controllable way.
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