No. the Allegory is a fragment of a poor unfinished story and little more. You don't need it to explain "multiple layers of abstractions, deeper reality vs appearance" as you say. In fact, you don't need it for anything at all except to explain Plato's "Allegory of the cave". Sheesh.

coldtea says "...with utility as such in countless domains." So when's the last time you referred to the "Allegory of the cave" in your day, other than on HN?