Physics is, to put it bluntly and underrate it in a way that almost hurts, a study of matter, energy and forces. Basically it's the fundamental building blocks of reality, from which all (ideally all, if it was all we would stop) physical events can be understood with simple models and theories.
Why do we need? Well skipping out the vast number of philosophical and advancement of humanity stuff which I'm in it for, let's go with this approach. Do you own a mobile phone? or an mp3 player, computer, broadband internet connection, TV, electric lighting? All of that wouldn't have been possilbe without physics making advancements in optics, electromagnetic theory, condensed matter, electric currents, and many other fields. Most of that was done in the past 100 years. Electric lighting, a little longer, maybe 200. Give us another 100 years and see what sort of stuff can happen.
Why is physics good? Well it depends on what the definition of good is. If you're asking why it's good as a research field then I guess it's because of all the things listed above and many more. Why is it good as a subject to study is a little more difficult. As someone who enjoys it I'd say because it's interesting, but if you don't like it to study there are some advantages. For instance, it isn't subjective, there's no ambiguity. In an exam if you write down the right formulas and follow them through you get all the marks, despite what the examiner thinks about what you've done. It's very conceptual, most areas of physics require little more than a bit of relatively simple maths and the ability to visualise the situation in order to solve the problems. Note the clarifier 'most', general relativity, quantum field theory, gauge theory and string theory are examples of fields that require more than that, but these are masters level or higher studies for people who don't need to ask questions like "why is it good?"