The Apple TV is a perfectly good streaming device, but the Apple TV remote is ... well ... not as good. It's very small, extremely slippery, and easy to lose in couch cushions. It's also symmetrical in a way that you can't hold the remote and be sure which side is "up"; I often pick up the remote and press a button, only to return to the main menu, because the remote was upside down.
I never have this problem on the Apple Watch, and using it as a remote is as easy as lifting my wrist, and pressing the button on the side to toggle my "Dock," which features 10 favorite apps I've chosen. Once I'm in the Remote app on my Watch, I can play, pause, scroll, return to menus, and even use Siri for searching, navigation, and playback.
The Apple Watch is the superior remote control compared to Apple's included remote for the Apple TV, and I'll never misplace it because it's literally attached to my arm.