Currently, task statuses can be manually updated by teammates to keep the rest of the team informed on progress, however there is one automation feature that could link the status to the timer.
All tasks are default set to “Not Started” until a teammate starts working and manually changes the status to something else. However, often, an eager teammate will start a timer but will forget to change the status. They'll work for hours, possibly days, without the status ever changing. The project manager will see the task and think "oh gosh! We need to get started on this" when in fact the task is nearly done. A helpful automation would be for the task to automatically change to the first status in the custom workflow (ie. “In Progress”) as soon as a timer is started in the task. From there, the teammates or project manager can manually change the status throughout the workflow.
In essence, the activation of a timer MEANS that a task as in fact started, so the automatic change in status from "Not Started" to _____ ("in progress" "started' etc) is intuitive.