To the point of being accurate predictors of these things even when controlling for things like socioeconomic background.
It's used because it works as a measuring tool, how the tests are constructed is largely irrelevant to the question of if the outcome of the test is an accurate predictor of things we care about.
If you think you have a better measuring tool you should propose it and win several awards and accolades. No one has found one yet in spite of many smart people trying for decades.