I have no knowledge of this specific "why", but my general experience shows that feature flags, while almost universally better than checks for the specific software version in hope that it has proper support for a feature, appear only as a replacement to platform / software detection, after a few years of struggle.

It's probably just natural for software developers (myself included), whenever only FooZoid v5 supports frobnicate(), say "#ifdef FOOZOID_V5" and go back to your business, rather than introducing "FROBNICATE_SUPPORTED".

Also, when you try to ask for a feature flag in the code review, people will throw YAGNI at you, and they might be not wrong, at least for the first few years. After that, it's a costly refactor.