The JVM is a state-of-the-art virtual machine with multiple open source implementations, a large ecosystem, and a fast JIT compiler that runs on most platforms. It is hard to find another VM with the same feature set and robust tooling.
And bonus, you get a huge world of third party libraries you can work with.
It's been over a decade since I worked on the JVM, and Java is not my favourite language, but I don't get some people's hate on this topic. It strikes me as immature and "vibe" based rather than founded in genuine analysis around engineering needs.
The JVM gets you a JIT and GC with almost 30 years of engineering and fine tuning behind it and millions of eyes on it for bugs or performance issues.