My personal experience from a long time ago when I was in school.
I went to see my father at work in a bank. At that time, most of his day was taking care of accounts and making sure every thing worked. What I saw was he was trying to tally/calculate large numbers and calculating(basic additions/multiplications...).
After noticing him, I asked him: Dad, if all you have to do is basic additions and multiplications, why bother to study till graduation?
His response was : While you don't have to use all the knowledge you have acquired, that knowledge would help you make learned decisions.
Coming to your question: While you dont have to use the entire set of concepts, knowing that they exist would help you make good decisions while you code.
My suggestion along with the others posted would be to try and spend some time on stackoverflow every day.
Good luck.
