Secondary you have the reduced RTT, multiple streams (prevents HOL blocking), datagrams (realtime video on same conn) and you can scale buffers (in userspace) to avoid BDP limits imposed by kernel. However.. I think in practice those haven’t gotten as much visibility and traction, so the original reason is still the main one from what I can tell.
QUIC getting hardware acceleration should close this gap, and keep all the benefits. But a kernel (software) implementation is basically necessary before it can be properly hardware-accelerated in future hardware (is my current understanding)
It does save 2 round-trips during connection compared to TLS-over-TCP, if Wikipedia's diagram is accurate: https://en.wikipedia.org/wiki/QUIC#Characteristics That is a decent latency win on every single connection, and with 0-RTT you can go further, but 0-RTT is stateful and hard to deploy and I expect it will see very little use.