I think it is very useful if you are thinking of going into Medicine or Law as a career.
fortunately don't need it for being a doc these days -
I did Latin and hated it but wish in retrospect I had paid more attention. I can see the benefits especially for those doing foreign languages or those just wanting to understand the origins of some of the English language.
I don't know about law but I can assure you that hermanmunster is correct and its not going to make a huge difference to those who may be looking to go into medicine. My failings at Latin never stopped me being being able to distinguish my gluteus maximus from my ulna!