What is the purpose of recruiters?

So I understand for higher level positions like Director and above, they are extremely useful and even for PE/HF roles. I see a lot of recruiter spam on Indeed/LinkedIn, where the job posting is basically posted as well by the actual employer.

So do these recruiters just copy random company positions with the hope of flipping over some resumes they get and the firm likes them? Why wouldn't I just apply directly to the company or do these recruiters have connections within?

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