The most common and most likely answer to this crossword clue is the 7 letter word USELESS
I've seen this crossword clue in Independent
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More clues leading to the result USELESS
Buddy explains!

The straight part
We know that "futile" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case futile = useless.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does USELESS mean?
USELESS adjective- Without use or possibility to be used.
- Unhelpful, not useful; pointless (of an action).
- (of a person) Good-for-nothing; not dependable.
- (of a person) Unable to do well at a particular task or thing. Useless is mildly insulting.