Academic math is a bit like basic research. You come up with funny ways to look at numbers or prove weird statements about this thing you came up with and call a "group", and a couple years or decades or centuries later it turns out that this solves real problems in electrical engineering or biology
Or it ends up never becoming useful. But you can't know that in advance
Disagree, basic research, no matter how dull, is an observation of a measured reality. Math Theory are patterns of abstraction that may never be useful at all or representative of reality.