That's a bit underselling it, like saying "E = mc^2 is just a description of how light behaves" and sweeping it under the rug as if the explanatory model provides no additional benefit.
The value comes from the ability to consciously influence the various stages of the process instead of it simply being subconsciously driven. In fact, you can practice and apply the stages of the loop better - for example, making a list of questions you'd like to ask yourself during the observe phase in a given scenario. You practice consciously asking yourself observation questions enough and in time the brain integrates that into the subconscious processing loop.
The value comes from the ability to consciously influence the various stages of the process instead of it simply being subconsciously driven. In fact, you can practice and apply the stages of the loop better - for example, making a list of questions you'd like to ask yourself during the observe phase in a given scenario. You practice consciously asking yourself observation questions enough and in time the brain integrates that into the subconscious processing loop.