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Speedtest results are meaningless, most ISPs run their own local servers so you're only testing the local loop, and many will prioritise this traffic over regular usage.
I think it is very useful to diagnostic home network issues.
Wired speedtest is one of the first thing to do to diagnostic issues before trying to diagnostic wireless network speed issues.
I ran OOkla SpeedTest from my OpenWRT/pfSense/OPNsense installations as well just to see if the CPU can support 1Gbps wired or not. I also use it to test VPN performances.
Then I use other Speedtest tools like iperf3/crusader/etc for testing purpose.