I'm not sure what you mean by "real world problems". Most mathematicians do mathematics because they find it beautiful, rewarding, fun, and for various other reasons that have little to do with creating things in the physical world. Mathematics is extremely interconnected and some minor discovery in a certain field can later become extremely important in some seemingly unrelated field, similarly - real world applications often arise unexpectedly out of things which at first seem completely theoretical (famous example: public key cryptography), and we cannot foresee in advanced what will lead to what.
Timothy Gowers - 1998 Fields medalist - gave a lecture in 2000 titled "The Importance of Mathematics". I advice everyone to watch/read it:
Video:
https://www.youtube.com/view_play_list?p=3641A12A6ADDB4B1
PDF:
https://www.dpmms.cam.ac.uk/~wtg10/importance.pdf
Edit: more philosophically, this question always seems puzzling to me, because we can always ask: whats so important about "real world applications" anyway? We can start from any activity and ask "why is it important?", and then ask the same about the answer, etc'. This chain of "why"s eventually comes to an end: we can still ask the question, but there is no meaningful answer other than the realization that the things which are important are the things people find important - whether it is to get faster from point A to point B, have a baby, go to a party, or to solve mathematical problems. Something isn't more important because it's in the "real world".