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Yes we can , it will enable us to restrict or allow resources based on time periods.
Time-based ACLs allow for access control based on time. A time range is created that defines specific times of the day and week in order to implement time-based ACLs. it is similar to extended ACLs in function it is applied by this command
ip access-list name|number <extended_definition>time-rangename_of_time-rangefor mor details you can check the following link
yes ,by making some roles for spscific time and period
Yes of course we can configure time base ACLs. For example if we want to allow internet access to employees after5 PM and not between9 -5, we can do that by using time based ACLs.