Does CPC matter?

So I found a good list of keywords I'd like to rank for, they have a high search volume with less competition however the cpc is like 0.50-0.90 with some been $1-3

Is it sill worth it to go after? I'll be using adsense.

The higher the CPC, the higher the competition from the advertisers would be(demand-supply logic). And the higher the demand is, the more people would try to rank in on the top of the keywords and the higher competition for page 1 of the keyword. So, it's not impossible to rank on high CPC keywords but you just need to take basic measures like ensuring it's not too high and analyze what kind of sites are ranking on the top positions for now and plan accordingly on what all you can do to overtake all of them.

Thanks, I just think these are good keywords but the cpc is Low so I'm assuming adsense payout will be low as well

The higher the CPC the bigger the profit. Just go for it when you can

If you have enough budget, then go for high CPC keywords, "Where there is money there is competition"

What matters more is EPC, the formula is simple, Big volume EPC>CPC.