Why… well, it’s a sport where you compete to lift the most weight. The other competition lift is the clean and jerk.
For my old ass I do it because it’s so hard and the rest of my life is fairly soft. Waking up and getting beat down by some snatches (or occasionally having a great session) keeps me level headed in other areas of life, I guess.
If you’re not a competitive weightlifter but still training explosiveness for other sports then you’re better off doing variations on the lifts. Like hang snatches, power cleans, power snatches, etc.