I can say the experiment is quite cool but i find no implication at all. Yes, I learned about how the combustion of solid oxidant-fuel but I believe that the experiment’s main goal is to teach us or more likely show us another type of chemical reaction called combustion, so I find no implication for this.
I’m glad that there’s an application for this experiment. The Potassium Permanganate (KmnO4) formerly known as permanganate of potash or Condy's crystals, it is a strong oxidizing agent. It dissolves in water to give intensely pink or purple solutions, the evaporation of which leaves prismatic purplish-black glistening crystals. As an oxidant, potassium permanganate can act as an antiseptic. For example, dilute solutions are used to treat ulcers, disinfectant for the hands and treatment for mild pompholyx, dermatitis, and fungal infections of the hands or feet. Aside from water treatment and disinfectant, I learned that KmnO4 is good for fruit preservation (banana). And oil can be used for cooking.
Based on the information I have come to a conclusion that Potassium Permanganate (oxidant) and oil (fuel) being mixed together results in release of energy and the combination of oxidant and fuel is called combustion, a type of chemical reaction