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The arts provide all of these. Perhaps the most fundamental element to education one should consider is the manner in which we perceive and make sense of the world in which we live. An effective education in the fine arts helps students to see what they look at, hear what they listen to, and feel what they touch. Engagement in the fine arts helps students to stretch their minds beyond the boundaries of the printed text or the rules of what is provable. The arts free the mind from rigid certainty.
Great question! The arts, in any form, have been important to humans for thousands of years. They have allowed us to discover new things about past civilizations; to see how they lived, and to learn from their successes and mistakes. I believe that this could definitely be a reason as to why the arts are important to humans today.