The main purpose of this is actually security. Because when the device is in BFU (before first unlock) state, it's much harder to gain access to the data (without the correct unlock credentials). During the reboot, the encryption keys are wiped from RAM, making it essentially impossible to access the device, since brute-force unlock attempts are prohibited by Weaver API, which is enforced by the Titan M2 hardware security module. You can read more about this at https://grapheneos.org/faq#encryption