How useful is wireframing for building websites?

Some argue it has become entirely redundant. Prototyping tools like figma have helped to reduce the barriers for designing experiences which are closer to the end product. But are wireframes a necessary evil for gaining client approval, and for designers and developers to align? Or do wireframes leave too much to the imagination and set unrealistic expectations? Or is it that wireframing becomes subconscious as we advance as designers and developers?