Studying the role of food webs in ecological interactions is significant as it helps to elucidate the relationships between different species within ecosystems. Food webs illustrate how energy and nutrients flow through ecosystems, connecting producers, consumers, and decomposers. By understanding these interactions, researchers can assess ecological health, predict the consequences of species loss, and identify crucial species that maintain ecosystem stability. Furthermore, food web dynamics can inform conservation strategies and management practices that aim to protect biodiversity and promote ecosystem resilience against environmental changes.