Why are pangolin scales so valuable?

Why are pangolin scales held in such high esteem and considered to be so valuable? Is it due to their rarity, the cultural significance they hold, or perhaps the perceived medicinal properties they possess? Could it be a combination of these factors that contribute to their high demand and subsequent price tag? It's intriguing to delve deeper into the reasons behind the value placed on pangolin scales and understand the implications it has on the conservation of these endangered animals.