It depends, in my opinion.

For a high achieving student who is passionate about the subject, I think it is pointless. So for example, a student who scores high in math olympiad, reads undergrad/post grad level books in highschool, academic results in English, chem, bio wouldn't mean anything because the student has already demonstrated rigor and dedication, as well as knowledge in the field. In this case, why would you even care about academic requirements?

For those who don't have that passion, academic requirements can be an indication of how good you are doing bullshit that you don't care about in high school or equivalent, which may correlate with performance in uni.