First, in order to understand the value of code coverage you have to understand what you want to achieve with it. Code coverage helps you determine the quality of your program code, e.g. is it robust or prone to errors, is it cohesive or does it have hidden dependencies, is it easy to change or not, etc.
Code with high code coverage tends to be better code, but it is no guarantee that it is good code. This is because the code quality strongly depends on how well your test cases are build, e.g. if you are testing your intended behavior well, or for false or destructive inputs, for corner cases or other special cases, etc.
If your test suite is badly written, you can still achieve high (or 100%) code coverage, but your code will be of low quality.
Second, the reason why most experienced developers will tell you 100% test coverage is not required or even a bad practice is that the time you need to invest to make code coverage 100% is better invested in a more complete test suite. It will usually even be easier to achieve 100% code coverage with a poorly written test suite than with a well designed one.
Third, because you will (almost) never have a complete test suite, just because I don't know lots of people who can consider all possible cases that code may go wrong, you should develop an urgency to amend you test suits continuously (not infinitely) rather than settling on the false felling of full code coverage.
I hope this view on code coverage helps you make it more useful for you.