He's one of the only reason why Rivendell hasn't fallen yet. His ring brings power to his 'kingdom' just like Galadriel protects Lothlórien with her ring.
Lord of the memes
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Also, the whole fucking point of Frodo taking the ring is that he is inconspicuous. Sauron would notice if another ringbearer had it. Gandalf doesn't even want to hold it.
Also, Elrond helps organize the party, making the men, elves, and dwarves work together to help the hobbits. Without his influence, the men would have wanted to take the ring for themselves and Legolas would not have worked with Gimli. He and Gandalf basically tell everyone to shut up and work together.
Something something not wanting to attract attention?
Nah, it’s simply not very nice there.
Pretty inhospitable if you ask me. No ease of thermostat control, too much fire.
Why didn't they just fly the Elrond to Mordor and drop the Pippin in?
He remembers, he was there when they failed, he thinks the mission is doomed
Forgive me
Not only that, he could have saved everyone a bunch of trouble by giving Isuldur the ol’ heave ho. (Y’all, it’s a meme community - lighten up)
Isildur!!
Classic elrond.