It's only "value" is when choosing between two alternatives, neither of which have evidence of being most accurate, you pick the simplest one, because it takes up less space on paper, rather than because it has any redeeming values.

Occam's Razor is an inside joke among scientists, that when you don't have any idea of which model is true, you apply the goofy idea of K.I.S.S (keep it simple, stupid).

The simple fact is, there is no rational reason a simpler model is more likely to be true than a more complicated one.