Comment by rand_r

It's been quite helpful when your project needs expertise from other people, and you want them to vet your approach and find gaps. Doing the up-front work of explaining the context and structuring the project in an easy to understand way makes it more likely for busy people to engage with it and help you out. Of course, it's helpful as a rubber-duck exercise on its own, so I would err on creating one, even if just for myself, for anything high-risk or hard to change later.