If you draw a spacetime diagram, and mark some point $P = (t, x)$ on it, then the hyperbola that passes through $P$ is the set of all possible points that $P$ can be Lorentz transformed to. In other words, for any other inertial frame, $S'$, with any relative velocity $v$ the Lorentz transformation of $P$ will lie on the hyperbola through $P$.
For example take the point $P$, which has a timelike interval from the origin. Any Lorentz transformation can only move $P$ along the hyperbola through $P$. So we can immediately see that $t'_P \ge 0$ i.e. we can't have a failure of causality. By contrast take the point $Q$ that has a spacelike interval from the origin. A quick glance is enough to tell us that $t'_Q$ can be greater than or less than zero.
The point of diagrams like this is to aid understanding in circumstances where our intuition will frequently let us down. Because a Lorentz transformation can only move points along the hyperbola through them it gives us a quick visual guide as to what the effect of the transformation will be.
Response to comment:
If $\Delta s$ is the interval from $O$ to $P$, then $\Delta s$ is also the interval from $O$ to $P'$ and indeed from $O$ to any point on the hyperbola. This is because we've defined the hyperbola as the points satifying:
$$ s^2 = x^2 - (ct)^2 $$
for constant $s$. The point $O$, $(0, 0)$, doesn't move under a Lorentz transformation i.e. $O' = O = (0, 0)$, so that means the interval $O \rightarrow P$ is the same as $O' \rightarrow P'$ for all possible Lorentz transformations.
The physical significance of this is that the interval $\Delta s$ is an invarient under Lorentz transformations, which of course we already knew. This is indeed a fundamental statement about the geometry of spacetime. Euclidean space is defined by Pythagoras' theorem:
$$ ds^2 = dx^2 + dy^2 + dz^2 $$
i.e. the metric is $(+++)$. Minkowski spacetime is defined by:
$$ ds^2 = -c^2dt^2 + dx^2 + dy^2 + dz^2 $$
i.e. the metric is $(-+++)$ (or $(+---)$ if you prefer). This is telling us that the geometry of Minkowski spacetime is fundamentally different to Euclidean space.
All the effects seen in SR can be derived simply from this statement of the metric, so it is the single most fundamental thing you need to understand about SR.