The significance of studying food webs in ecology lies in understanding how energy and nutrients flow among different trophic levels. Food webs illustrate the complex interrelationships between producers, consumers, and decomposers, providing insights into ecosystem functioning and stability. By analyzing food webs, ecologists can identify key species, potential vulnerabilities, and the consequences of species loss. Such knowledge aids in determining conservation priorities and managing ecosystems to maintain biodiversity and overall health, ensuring resilience against environmental changes.