The significance of studying bioinformatics lies in its integration of biology, computer science, and mathematics to analyze and interpret complex biological data. In genomics and proteomics, bioinformatics tools help in managing large datasets, such as DNA sequences, providing insights into gene function, evolutionary biology, and disease mechanisms. This field enables researchers to make predictions, understand biological systems better, and develop new biomedical applications, thus accelerating advancements in personalized medicine and healthcare.