Depends on your monitor size.
Might be a waste at 27", but if you want to use a 48" display, I can assure you that you'd notice the move from 4k -> 8k.
8K in a game will use tremendous amounts of power, but it's not pointless. It's like having antialiasing turned on. And high frame rates are important for motion because normal rendering only gives you a single point in time.
4K 120Hz may be noticeable if editing ultra high frame rate video on a video editing workstation, but if you are a video production crew with a camera capable of recording at that framerate, you probably already know that.
Though response times also matter a lot for ghosting and such.
But for desktop productivity? I don't feel I gain anything from it. 60 hz is fine.