The Hilbert Symbol it superficially similar to the Legendre Symbol: it measures whether or not solutions to some polynomial exist. In the case of the Legendre Symbol it was clear for me that it is a tool to figure out what the ring $$ \frac{\mathbb{F}_p[x]}{(x^2 - a)} $$ looks like for some fixed $a$. In particular, it tells us if we have a finite field extension or $\mathbb{F}_p\times\mathbb{F}_p$. Is there a similar story for the Hilbert Symbol which I am not seeing? The only way I'm able to understand this is whether or not $$ |\text{Hom}_{\textbf{Cring}}(\mathbb{Z}[x,y,z]/(ax^2 + by^2 -z^2),\mathbb{Z})| > 1 $$
For reference, I am using Serre's definition as $$ (a,b) = \begin{cases} 1 &\text{ if } ax^2 + by^2 = z^2 \text{ for some } (x,y,z)\neq (0,0,0) \\ -1 &\text{ otherwise } \end{cases} $$
The following relates more to Number Theory than Geometry, but for what it's worth the Hilbert symbol can be associated with an element of order 2 in the Brauer group of a number field $K$ thus representing whether a quaternion algebra in this case generated by say $\alpha, \beta, \text{ and } \alpha\beta$ where $\alpha^2=a$, $\beta^2 = b$, and $\alpha\beta = -\beta\alpha$ splits or not. Also there is a brief but nice discussion in Washington Cyclotomic Fields associating the Hilbert Symbol with an element of a second cohomology group (so again really just $Br(K)$). Finally there is some material in the "Exercises" by John Tate at the end of Cassels and Froehlich Algebraic Number Theory which develop many of the number theoretic properties of the Hilbert symbol in a fairly illustrative fashion.