Let A be the hyperbola with the equation $\displaystyle \frac{x^2}{a^2} - \frac{y^2}{b^2} = 1$, where $a$ is the $x$-intercept and $b$ is the $y$-intercept.
Given this it can be calculated that the lines $\displaystyle y=\frac{b}{a}\cdot x$ and $\displaystyle y=-\frac{b}{a}\cdot x$ are both asymptotes to the hyperbola.
The question is simply: are these asymptotes significant? And if so, why?

The hyperbola given by the equation
$$ x^2 - y^2 = 1$$
looks like this:
At this scale, the hyperbola is virtually indistinguishable from the union of its asymptotes. Since lines are easier to understand than hyperbolas, at this scale it's much easier to understand the hyperbola in terms of its asymptotes.