Why do you say that?
It makes us understand there’s no difference between life and non-life physically/materially.
It’s a false dichotomy scientifically.
Who says that physically/materially is all there is? Not me.
There is truth and falsehood, right and wrong, none of which is material.
There was a time when people lived in caves and were hunter gatherers. The world’s per capita resources were about a million times greater than they are now. They should have been rich, physically/materially. However, they were poor. There is no physical/material explanation.
The missing ingredient is knowledge, itself neither physical nor material.