At one time I would have answered that question with a resounding "No." I'm a pretty practical type of person, and when I am reading and writing, I like to stay within the realms of possibility. Besides, for many years almost all fantasy novels written were clones of Lord of the Rings. Once I read that, there wasn't any need to read anything else.
However, tastes change, and not only that but literature changes. In the 80's there was a change in fantasy literature. Marion Zimmer Bradley's Darkover novels gave us fantasy that explored issues such as gender differences, culture clash, religion, wife abuse and pedophilia. She, along with other writers, ushered n a new era in fantasy novels-- a post LOTR era. Fantasy novels no longer always involved a quest or a war between good and evil or a dark lord. Sure, there were generally some elements of good and evil in most fantasy novels, but it was a different sort of focus than we found in Lord of the Rings.
Now I read and enjoy quite a bit of fantasy, and even wrote a fantasy novel, The Dreamer's Way, which is a blend of SF and Fantasy. I love the opportunity to be able to explore problems that we have in a different setting. Sometimes by just stepping sideways a bit and looking at a problem in a different way we can find a way to resolve it.
I've never been a linear thinker, so Fantasy allows me to indulge the non-conformist part of me. And sometimes it's just plain fun-- wouldn't we all like to have magical powers? Don't most of us secretly long for the days when we believed in Santa Claus?
In the world of fantasy, we slip the bounds of reality and can become anything we want. In a middle-aged life that often seems to be little but get up, go to work, come home, go to bed, a little bit of fantasy reminds us that there is more to life than the mundane of every day.