At first it was because an AR15 shooting 77 grain .223 won't print very well at 1,000 yards, then people decided it was a hunting cartridge and I guess it's OK.
In a mini-Mauser style bolt action it's fine. In an AR15 the bolt is compromised and it can have feed issues.
Different cartridges do everything better, in 6.5 Grendle you just get all that and when Wolf started making ammo in steel case people went nuts for it! Because when you build an AR for 1,000 yard shooting evidently crap ammo is what you really want.
I'm not a fan, since the days when it was only an Alexander Arms thing.
Now there are 6mm versions but they haven't fixed the case for AR use so it's still not something I'm interested in.
.224 Valkyrie is a better design (for the AR) but they should have started with a 6mm and they should have never used PTG for reamers...