Disagree. It's just overused and poorly handled. If the story addresses the reasons why the child is neglected such as the father desperately trying to save his son or the future then it can make a good tragedy. Or, if the father was lost in his own work and probably shouldn't have had his child but that work consumed him then it can be fine as long as it's not framed as a good thing or that the child must forgive him for seemingly no reason.

The problem is media that screws this trope up and still expects you to forgive the father in the end. Oftentimes writers fail to address why the child couldn't just join as bonding, or the father is not doing something that important, or the father is just straight up a terrible person and then the writers expect you to turn around and forgive him.

Otherwise it's a great way to give the child character a prolific character to chase that they themselves don't know, or create a character torn between two worlds for better and for worse, or create a deadbeat dad character that may or may not be redeemable.