Look, technology is constantly evolving. Some legacy software needs the specific version that was compatible back then, while newer stuff demands the latest updates. It’s all just layers of upgrades—adding features here, patching bugs there... I won't get too deep into the weeds, but the point is, this cycle never stops. It's constant.
So, sure, you can uninstall it if you want, but I have no idea if your current setup will even function without it. And as for anything new? You probably won't be able to install it at all because those installers usually check for existing dependencies. You'll just end up right back where you started, having to reinstall everything anyway...
In short...
As for the other issue, I honestly can't say for sure since I don't run an Intel machine myself. I haven't been tracking their specific driver updates closely, but according to Google...
"Hey Striker. I'm not an expert on the Sebring software, but one of its primary roles is managing the wireless hotkeys. If you go ahead and reformat your laptop, there's a good chance those hotkeys are going to stop working entirely. You'll likely see an error message stating: 'Unable to load the INTEL Sebring API, please install Proset utility'." 
