It's possible during setup though I'm not sure how supported it is. Not sure why you'd really want to, writes are much slower than NTFS in general due to journaling.
For the same reason I want btrfs or ZFS on Linux; cheap snapshots so if something breaks I can easily restore to a safe point.
A large part of my complaints about Windows Update have come because it can brick your machine, System Restore doesn’t work, and so you’re stuck spending a weekend trying to back up and fix stuff.
When I ran Ubuntu with ZFS on root, I had it so that I every time apt was run, it took a snapshot. This came in handy when my WiFi driver got borked during an update; I was able to restore from a previous point, it took like ten minutes.
NTFS getting corrupted by the tiniest errors would be one reason to use ReFS
Using it for the OS partition is not very well supported right now though (for a consumer), installing etc. works fine, but DISM doesn't support ReFS so adding features generally doesn't work
EDIT: Just to be clear, if you don't understand when you'd use this command, do not use it. I suddenly realised people might not be familiar with formatting, and don't want to be responsible for the destruction.