Others have talked about legibility, so I want to address the importance of the parentheses in an expression like
$$17\color{red}{-}(\color{blue}{-}59)$$
from the perspective of educational psychology. As @Michał mentions, the two minus signs in this expression have different meanings. To emphasize the difference, we can decode the expression as:
$$17\color{red}{\text{ take away}} \color{blue}{\text{ the opposite of }} 59.$$ As @ryang mentions, there are good reasons to pronounce both minus signs as “minus,” and it makes sense that we use the same symbol to represent subtraction and negation, since
$$a-b=a+(-b),$$
but this is not a trivial fact. It can be quite confusing for students that a symbol which has always signified subtraction now also signifies negative and negation.1 Using parentheses helps students distinguish the different meanings of the minus sign.
Some curricula attempt to address this by introducing negation using a different symbol, e.g. $$b^* \ \text{or }\ \overline{b}\ \text{ or } {}^−\!b$$
as @Raciquel mentioned. Such a curriculum would then introduce the notation $-b$ after students are convinced of the fact that $a-b=a+b^*\!.$
Students need to be able to recognize and go between the different meanings of the minus sign to understand negative number arithmetic. In a study by Joëlle Vlassis, she found that when students were asked to solve the equation $4-x=5$, some erroneously wrote
\begin{align*}
4-x&=5 \\
x&=5-4
\end{align*}
which is a very common mistake. In her interpretation, this was because
Students considering, in this context, only the subtraction function of the minus sign could not imagine writing this sign before x at the second stage because, from their point of view, there was no more operation.
Some students who found $x=-1$ were unable to write $4-(-1)=5$ as justification.
It did not occur to students to put parentheses around the solution... For students who thought that these minus signs were two binary signs, it was inconceivable to write an expression with a succession of two "subtracting" signs.
Difficulty interpreting minus signs can happen when other operations are involved as well. For example, with the equation $-6x=24$,
When the interviewer suggested the solution $-4$ to them, these students felt that this was not possible, since
you would have times minus 4." These two students appeared perplexed about the possibility of producing an expression in which the "times" and "minus" signs followed one another.
So the convention of using parentheses to separate the unary minus from other operations is a thinking tool as much as it is a communication tool. It is natural for students to find it difficult at first, because we are not simply asking them to adopt a new writing convention, but to understand and attend to the different meanings of the minus sign.
1: “Negative” and “negation” are distinct ideas. For example, when $x$ is negative, $-x$, the opposite of $x$, is positive. So for students, there are three ideas related to the minus sign that need to be distinguished: subtraction, negative numbers, and negation. This article (public access through the NSF) goes in depth on the different meanings and has suggestions for teachers on how to help students make sense of the minus sign. It really is difficult!