But, you still don't answer the question. What problems in compiler optimization are more important than problems in protein folding? You seems to indicate that protein folding is a basic science problem and not a "practically useful discipline". In fact, your statement "It would be great if we could predict protein structure accurately, but we can't, and until we can, it's not a practically useful discipline" says that the because the problem isn't solved, it's not important, but it will be important when it's solved. So, trying to solve the problem is important, no?
But, you don't say anything about compiler research, and specifically compiler optimization research and development, which you claimed is much more important. What specific areas in compiler optimization (or just in compiler design) are more important than protein structure prediction and modeling?