Any parameter that could be automated could be controlled by a continuous LFO by linking the parameter to the LFO.
For Examples: A Sine Wave LFO that controls a Frequency Cutoff of an EQ Plugin, or a Square Wave LFO assigned to a channel Pan control, or a Sawtooth LFO assigned to an FX Send.
The LFO Frequency should be able to be set in Seconds, Samples, Bars/Beats, Etc. and the width and curve of the LFO's parameter change should also be able to be adjusted.
This function could save a lot of time for people who want something automated through an entire track without having to actually write the automation to the entire track.