In general, if $\xi^\mu$ is a Killing vector field on a spacetime, and if $u^\mu$ is a tangent field along a geodesic, then it is true that $\xi_\mu u^\mu$ is a conserved quantity along the geodesic. (See for example Wald's GR proposition C.3.1). To illustrate the physical significance of this, let's take, for example, a particle moving in $2$-dimensional Minkowski space with metric
$ds^2 = -dt^2 + dx^2$
This metric admits killing vectors $\xi_{(t)} = (1,0)$ and $\xi_{(x)} = (0,1)$. It follows that for a geodesic $(t(\lambda),x(\lambda))$ with tangent $u^\mu(\lambda)=(dt/d\lambda, dx/d\lambda)$ we obtain two conserved quantities
$\xi_{(t)}^\mu u_\mu = -\frac{dt}{d\lambda}$
$\xi_{(x)}^\mu u_\mu = \frac{dx}{d\lambda}$
If we imagine that our geodesic represents the path of a particle of mass $m$ through spacetime, then if we choose the parameter $\lambda$ to be arc length, which for timelike curves is called proper time $\tau$, namely if we choose
$-1 = u^\mu u_\mu = \left(\frac{dt}{d\tau}\right)^2 + \left(\frac{dx}{d\tau}\right)^2$
then $p^\mu = m u^\mu$ is the four-momentum of the particle, and the conservation equation obtained from $\xi_{(t)}$ gives conservation of $p^t = m u^t$, which is the energy of the particle, and the conservation equation obtained from $\xi_{(x)}$ gives conservation of $p^x = m u^x$ which is the momentum of the particle. So in this context, Killing vectors of the given metric gave conserved quantities that could be interpreted as the energy and momentum of a particle moving freely in that spacetime.
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