The particular value of $c$ depends on how long a meter is and how long one second is. If meters were longer, for example, the speed of light would be a smaller number, even though light would still be as fast. Viewed this way, physical measurements are ratios. In this case, it's a ratio of the speed of light to a rather arbitrary speed - one meter per second.
One meter per second is roughly a walking speed. So your question might be interpreted as, "Why is the speed of light three hundred million times faster than a walking speed?"
This question is very anthropocentric. It is a question about how large we are (how many atoms are in our bodies), how much power our muscles can exert (the energy involved in chemical reactions), and how strong our bones and ligaments are (the strength of materials).
Since we would like to stick to physics, it will be more insightful to look at the speed of light as a ratio of something else. We should look for some other speed set by nature, rather than a human-based speed, and compare the speed of light to that.
A typical candidate is to take Planck's constant $\hbar$ and the unit of electric charge $e$. These can be combined to create a velocity $e^2/\hbar = 2.2*10^6 m/s$. (In some systems of units, you need to include other "constants" like the permittivity of free space to convert the units.)
This is, roughly speaking, the speed of an electron in an atom. An electron's energy is characterized by $E \approx e^2/r$, with $r$ the size of the orbit. Its angular momentum comes in units of $\hbar$, so $L \approx \hbar \approx mvr$. The virial theorem lets us write the energy as $E \approx mv^2$. Using these facts, we can look for a way to estimate the velocity. $v = mv^2/mv \approx E/(L/r) \approx (e^2/r)/(L/r) = e^2/L = e^2/\hbar$.
This "typical electron speed" is about $\frac{1}{140} c$. As a ratio, $e^2/\hbar c \approx \frac{1}{140}$. This is called the fine structure constant. It's very useful to know, because it's a number that describes the innate strength of the electromagnetic force.
Your original question becomes "why is the fine structure constant $\frac{1}{140}$?", or "Why is the speed of light $140$ when measured in fundamental units from quantum mechanics and electromagnetism?" Aside from a hokey invocation of the anthropic principle, I don't think there's an answer to this question, at least not yet. A physical "theory of everything" might hope to derive the fine structure constant from some more basic idea, but this has not yet been achieved, and it is unknown whether it ever will be.