The reason why Venat performed the sundering was to weaken mankind's innate aetheric power which would take creation magic out of the equation and make mankind mortal.
The sundering cutscene showed that the majority of Amaurothians would do anything other than embracing the fact that despair and suffering were part and parcel of living. Venat knew this would prevent the ancients from ever defeating Meteon and truly stopping the end day. And although it was never explained, this also implies that Zodiark was probably not a long-term solution to stop the final days. The star would probably eventually run out of aether. I suspect this may be explored post 6.0.
In any case, we know that primals require alot of aether to sustain so I am guessing that constant sacrifice is required to keep Zodiark going. Knowing Venat, this probably went against her principles and the sundering could be partially attributed to her own selfish ideals. The results were clear.
1. Mankind lost the power for creation at will and had to constantly strive for survival. This suffering allowed mankind (or at least the scions) to develop the fortitude to not relent even when experiencing utter despair. This was key to defeating Meteon.
2. Curtailed Zodiark's power and allowed him to be jailed on the moon. This prevented the final days while reducing the amount of aether required to sustain him until mankind was ready to face Meteon. There is no evidence for the latter but also no evidence that Zodiark continued to consume a large quantity of aether. Haedelyn might have directly controlled the amount of aether being fed to Zodiark and was only giving enough to sustain him.
3. Might not have been intentional but the reduction in mankind's aether also allowed man to sense and utilize Dynamis as a power. This was used to overcome the despair in Ultima Thule, and more importantly allowed Meteon to overcome her own despair.
But perhaps more importantly, how was Venat even able to enact the sundering. Wouldn't it have required immense strength? It was not clear how many followers she had. Could there be more behind this?
EDIT: Ultima Thule also suggests that the paradise that the Amaurothian sought was bound to fail. Had the sundering not happened, Etherys would have been just another example on Ultima Thule.