I'm struggling to see a direct application for this, I think the same could be said for the development of the straight dictionary word 'toggle', although that would be more brandable. Yes there are toggle buttons, and toggles in others applications, but with -ed i'm not too sure.
When you start adding suffixes to the end of some words, -ed, -er, -ly, -est, -ment, -ness, -ful, -ance etc etc etc, imo you tend to lose value & obvious uses, all depends on the word of course...
Did you have any ideas as to use when you picked it up?