Whats the point of white, magic and rare items anymore?

I was wondering what the actual point is at this point. Obviously they are some sort of transition items from early leveling, but leveling is so fast and unique and legendareis drop so frequently, i really fail to see the point.

After playing the game for like 1-2 hours you are already fully geared in uniques and legendaries and from that point on you straight up ignore 100% of white/rare/magic items.

What do you think of the current situation?