Understanding the importance of time is very crucial for the development of a human being. If you have a habit of wasting your time or just kill the precious time in doing some junk work, it will be difficult for you to become successful in life.
Time also brings regulation in your life and unless you regulate yourself, you will not be able to do any task, no matter how talented you are. Time and Opportunity once gone, never comes back. Understand the value of time to make the most from your life and become successful.