Of course it's not worth it, but in many orgs it's required for compliance. It may change in the future as most people realize it's not that useful, just like NIST changed the rule about password updates.

On the other hand, it might seem useless because malware creators know it's there. Basically all functional pieces of malware have to go through VirusTotal otherwise they won't be effective. But if all orgs dump antivirus software it would be a bit like giving up MMR vaccination in children.