I just don't understand what I'm supposed to get out of it. 30 minutes a week is plenty for me and we usually run out of stuff to talk about anyway. What if I have no issues with coworkers, I'm not burnt out, and I like my projects?

Here's where I think it cause problems: right now, if I feel like working from home on a given day, and I have no meetings, I just do it. If I was supposed to meet with my manager every single day, then now it's like I'm cancelling that meeting, so now I'm self-conscious that he thinks I'm slacking, and I would probably just not bother and drag myself in every day. Boom, reduced morale.