There have been many conjectures in history of mathematics that some of them after passing long journey have resulted in lengthy and high-level-math proofs. Perelman's proof on the Poincare's Conjecture and Wiles' proof on Fermat's Conjecture are some examples. I believe that to come up with simpler and shorter proofs for any of the two mentioned (now-)theorems would be invaluable ...
But, there are also many theorems that have many proofs and some of the those proofs of that single theorem use same level of math (and same sub-fields in math!) and usually takes almost same length on paper to write.
Theorem of compactness of $[a,b]$ in standard topology (I already know two proofs of same level/field-of-study/length) and Pythagoras Theorem are just a few examples.
My question is about the latter case: Is there any research that looks at cases of theorems being re-proven and assesses the value of that kind of activity?
Thank you very much.
This question (or a close variation of it) was discussed in detail in:
Dawson's article is itself a kind of sequel to an earlier (and well-known) paper of Yehuda Rav:
In that earlier paper, Rav argued (p. 6) that
and that in many cases (Rav, I think, would say all cases) the techniques and insights generated by a proof are more important than the result itself. In fact Rav refers to proofs (not theorems, but proofs) as "the site and source of mathematical knowledge" (p. 12).
In the subsequent paper by Dawson, this thesis is picked up and further developed. Dawson spends a fair amount of time examining the question "What makes two proofs different?" This turns out to be a fairly non-trivial question; for example, there may be structural differences, different strategies or techniques (e.g. one proof might use induction, another might not), and so forth. Dawson provides 8 different reasons why mathematicians might re-prove theorems:
Dawson elaborates on each of those eight reasons in some detail, providing historical examples of how certain re-proofs play those roles.
With respect to your question "Is it worthy to spend time on doing research in finding other proof(s) for already proven theorems... rather than focus on unsolved problems or at least extending the edges of mathematics?", Dawson writes (p. 269):
So, yes, there is value in finding a new proof of an old theorem. Indeed, a Google Scholar search for papers with the phrase "a new proof of" in the title finds many examples of the genre.