I know this seems like an incredibly general or even silly/random question, however, please allow me to explain why I'm asking this question.
Someone who, for example, didn't understand that trigonometric functions and circles are related, would be missing out on a whole genre of important possible insights about trigonometry and circles. I feel that I am missing a similar important understanding of a connection between parabolas and circles.
Here's why.
Note that if you plot a pendulum's position against time it would form a sine/cosine function. The force that sets a pendulum in motion is gravity. That same force causes a ball to fall in a parabolic path.
Circles -> sine functions -> pendulum -> gravity -> parabola.
Something else led me to this question, but this was my way of explaining it. I feel like I'm missing an insight that is deep, beautiful, and important.
From a geometrical point of view the link between circle and parabola is given by the conic sections. Indeed both of them can be obtained by intersection between a plane and a cone.
With reference to the pendulum and the projectile parabolic motion I'm not sure we can establish a link other than the underlying principle of mechanics and the related equations which contain always some kind of approximation (e.g. classical mechanics, relativity, etc.).