If we are talking about specifically middle distance runners (800-1500). LT plays a different role than other events.
It is inherent in an 800 that you are accumulating tons of lactate. The last lap will be brutal no matter how fast/slow you are if you are running the race correctly. Same with a 1500. That last 600 or so you can really taste the acidity in your mouth.
This doesn't really happen in longer distance events, the fatigue is more aerobically based. for 5k and 10k you are running closer to vO2 max and lactate builds up much more slowly, therefore you feel general fatigue and strain on your heart/lungs before your legs get extremely heavy.
So in MD events the purpose of lactate threshold is not exclusively to run at a faster pace without generating as much lactate (although this is still one reason for this training) but also to use lactate as a fuel source and to train tolerance toward large amounts of hydrogen ion.
you are probably "reading so much about threshold" because articles toward the running population in magazines and on websites are more directed to athletes running 5-10k park runs and/or marathons. It is also important to note that in this sport published scientific documents are often years behind the modern training methods......
Back to the training aspect of things. For most MD athletes things usually work in a series of phases. Phase 1 consists of threshold work and short sprints, some aerobic power work. Phase 2 throws in some pace reps, vo2 volume increases, threshold is lessened in importance. Phase 3 ups intensity and volume of phase 2.
Another thing to note is that LT can be improved not by running exactly at threshold itself. It can also be improved by paces just above and just below. marathon pace helps aerobic support at threshold, 10k pace improves running economy at threshold etc.
So when you're in phase 2 and 3 as a 1500 runner and have a strength session coming up, you can easily do mile repeats at 10k-5k pace and STILL be improving your threshold. As a 1500 runner this pace is more specific to your race as well.
Lactate threshold is important for middle distance races, but not as important as your turnover and specific pacing. Many ways to skin a cat though.