One thing that chess is not particularly good for is knowing when to quit. It’s a game that fosters a ‘fight them on the beaches’ mentality because you the most you can lose is a single point.
This can be good for some things but not for others. In many fields the best thing to do is to admit defeat and take a small loss so as to avoid disaster, two that come to mind being financial markets and personal relationships.
Are there features of chess which have universal value? Yes indeed, though you have to look beyond competition to find them. The quest for self improvement represents that of lifelong learning and self improvement in all other fields, and indeed the history of mankind.