I mean it really depends on the team. My role is as much translator as anything else. I have:

Infrastructure/Server

Backend

Frontend

Designers (three different kinds)

Performance/Econ specialists

QA

Hearing "Oh I didn't know that, yeah we need to sync" is a common occurrence and on a team of nearly 20 people we never take more than 15mins. We have shared deadlines, shared goals, and work on shared user stories. Having that moment in the morning to go "okay, am I blocking anyone without realising it?" or "I gotta remember to make sure design knows the spreadsheet won't have the thing they were expecting today, it'll be Tuesday instead" is well worth the time.

On top of that, with WFH it's a really good way to cement the team aspect. I wouldn't care so much if we were in the office, but all being remote means we lose the "human" behind the screen a lot.

As I said, different teams and different projects need different things, but I'd argue the reason my team is the number one performing in the entire company is, in part, due to this morning time to get that alignment.