I have started reading some algebraic topology.In this thread there is the following result:
$f: X \rightarrow Y$ is a homotopy equivalence $\iff$ $X$, $Y$ are both homeomorphic to a deformation retract of a space $Z$
What is the use of the above result? I have heard that the above result give more intuitive idea of homo topic spaces.Can some one explain me what is the use(or better way to think) of above result?
Thank you.

Suppose I take a space $X$ and deform it in a reasonable way. I get another space $X_1$, and by reasonable I mean that $X_1$ and $X$ have the same homotopy type. If I perform another deformation on $X$ to obtain $X_2$, it is manifest that $X_1$ and $X_2$ have the same homotopy type: they are deformations of the same original space. Thus, for two spaces to have the same homotopy type, it is sufficient they are deformations of a common space. The result you cite says this is a necessary condition, too.