I don't think physicists have better or worse character than the average person. However I think smart people excel at rationalizing their uselessness. "At least I'm teaching undergrads. At least I know enough advanced math that people struggle to call me out on my shit. At least I protect the environment by refraining from making anything, or doing experiments. At least I write winning grants and fund my graduate students."

I think it's the rare physicist that actually thinks "Yes, this work is useless, but I need a job and will keep up the subterfuge." I think the rationalizations are more common. But this is just my opinion. And consider the context: what's the alternative? Do you realize how hard it is to discover something actually, really new? And the sheer impossibility of doing scientific discovery on a schedule? The expectations are really insane in science. I can't help but think that "professional scientist" is not such a good idea, that we were better off when people did science on the side, as a hobby, and once in a while they'd find something cool and publish it.

There's an implicit assumption here that the "purpose of [physics] research" must necessarily result in concrete results in order to be "worthwhile". A lot of theoretical physics, at least, is increasingly really mathematics [or computer science] research, that doesn't necessarily directly and simply apply to "real world issues", but that doesn't make it invalid.

(That said: also the majority of physics research isn't fundamental physics research, which is the stuff you're talking about. There's plenty of work in areas like condensed matter physics, plasma physics, quantum optics, etc etc etc that is still producing results and driving new developments.)

I'd say rather that some physicists are doing things that aren't properly called science. Science is only that which can be checked by experiment. This means clearing a space, acquiring tools, preparing the geometry, applying the theory to compute a prediction, and then executing the experiment, taking measurements, and comparing the measurement to predicted measurement. Drop the weight, apply the voltage. Press the button.