It does provide an advantage when applying to remote jobs at some companies. They try to filter scammer applicants out early and the verified profile is one signal they look for.

Depends on the company, but in a competitive job market any extra signal can help.

There are a crazy number of fake LinkedIn profiles out there that are used for scamming companies or people.

The badge could (I don't know, haven't done it yet) help you differentiate yourself in a sea of monkeys slinging ChatGPT'd profiles from a third-world boiler room.

(whether it actually does or the monkeys now got a steady source of fake/stolen IDs is another matter)