> The aim is to produce a body of knowledge that will be useful to humanity.

There's no such consensus. Read Hardy's "A Mathematician's Apology" to get a better understanding.

Here's a quote which gives some idea of where Hardy was coming from: "I have never done anything 'useful'. No discovery of mine has made, or is likely to make, directly or indirectly, for good or ill, the least difference to the amenity of the world."

Hardy valued math for its beauty, elegance, and permanence, and he's far from the only mathematician who would push back on the idea that mathematics should be "useful to humanity", except perhaps in the sense that art is useful to humanity.