return 301 https://$host$request_uri; as the default response on port 80, then your server may sooner or later get on a list of open proxies and start being abused to send traffic elsewhere on the Internet. If your logs fill up with messages like this one, then you know it's happened to you:
18.104.22.168 - - [25/Mar/2018:04:50:49 +0000] "GET http://www.ioffer.com/i/new-fashion-fine-gold-bracelet-versaec-bracelet-641175733 HTTP/1.1" 301 185 "http://www.ioffer.com/" "Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.0; Hotbar 22.214.171.124; RogueCleaner; Alexa Toolbar)"
The problem is that
$host will echo back whatever the browser sends in the
Host header or even the hostname from HTTP's opening line, like this one:
GET http://www.ioffer.com/i/new-fashion-fine-gold-bracelet-versaec-bracelet-641175733 HTTP/1.1
Because of that problem, some other answers here recommend using
$server_name instead of
$server_name always evaluates to what you put in the
server_name declaration. But if you have multiple subdomains there or use a wildcard, that won't work, because
$server_name only uses the first entry after the
server_name declaration, and more importantly will just echo back a wildcard (not expand it).
So how to support multiple domains while maintaining security? On my own systems I've dealt with this dilemma by first listing a
default_server block that doesn't use
$host, and then listing a wildcard block that does:
listen 80 default_server;
return 301 https://example.com$request_uri;
return 301 https://$host$request_uri;
(You could also list more than one domain in the second block.)
With that combination, unmatched domains will get redirected somewhere hardcoded (always
example.com), and domains that match your own will go to the right place. Your server won't be useful as an open proxy, so you won't be attracting trouble.
If you are feeling ornery, I suppose you could also make the
default_server block match none of your legitimate domains and serve something offensive. . . .
 Technically "proxy" is the wrong word, because your server isn't going out and fulfilling requests for the clients, just sending a redirect, but I'm not sure what the right word would be. I'm also not sure what the goal is, but it fills up your logs with noise and consumes your CPU and bandwidth, so you might as well put a stop to it.