My take on the utility of love is that propounded by author Steven Pinker. Essentially it goes like this:
Out of the billions of people in this world there is a person who is the best looking, smartest, kindest, richest, funniest, wealthiest, etc. potential mate who will settle for you. It is unlikely that you will ever meet this person therefore it is in your best interest to accept someone of lesser quality (quantitatively speaking) since there are costs to remaining single (lack of affection, companionship, etc.). Once you do accept this person what is there to keep you from “trading up” once a marginally better mate comes along? What assurance do the parties involved have that their partner will remain with them? In today’s modern world we have marriage and all of the legal rights and responsibilities that it entails. However, prior to the eventual creation of marriage as a cultural and legal arrangement, what assurance did a person have that a romantic partner wouldn’t abandon them when the next best thing came along? The answer is an irrational emotion, i.e. romantic love. If you can’t “help it” when you fall in love with a person (i.e. you have no choice) then you certainly can’t fall out of love when someone “better” comes along. People therefore are committed by an adaptive, but in some ways irrational, emotion.
As Pinker quotes Douglas Yates: “People who are sensible about love are incapable of it”