This question could be a long course of many lessons on the purpose of Israel and it’s role in the plan of God.
In a short answer, I think of Israel as the firstborn of God (Ex. 4:22), the apple of His eye (Zec. 2:8) who will repent as a nation (Zec. 12) and will fulfill His call (Ex. 19:6; Rom. 11:25-36) to be a Kingdom of Priests and a Holy Nation after the return of our Lord Messiah (during the Millennium).
Blessings in Yeshua our Lord.
/Tibi Frank, Pastor i församlingen Jerusalem Assembly, Israel