QM/QFT is a particular model that has wide explanatory power in a certain realm. However, once you start getting further and further away from this realm, the model becomes increasingly less helpful, even though it might be "true"/correct in a sense.
Example: QFT should explain all chemical behavior, yet the wave equation only has "nice" solutions for a simple case: hydrogen. After that, the PDE is non-linear and non-separable, so. you have to resort to numeric methods. But the computational demands are very heavy, and even with todays machines you can only get up to ~10 valence electrons or so last I checked.
So modelling the behavior of say, a complex organic compound, such as a drug, first-principle QFT is of little aid. Which is why chemists have their own models which are loosely based on QM/QFT, and are simplifications (e.g the idea of electron "jumping" from one molecule to the other). Yes you have Pauli exclusion principle, Hund's rule, based on QFT, but there are exceptions, and I never got a good explanation it doesn't apply to the entire compound (or the entire object, or the entire universe)