Even without the long-term damage associated with CTE, there is limited intellectual value to any sport that involves hitting others in the head.
I find it interesting to watch combat sports, because it's like an experiment in human physique and psychology that reveals of what kind of self defense is actually effective and how humans function under extreme conditions. For me, that is valuable even if I never got in a fight for the rest of my life.
Learning to fight generalizes beyond actual fighting.