I am reading Field Theories of Condensed Matter Physics by Fradkin and in equation (4.10) it shows that an operator transforms irreducibly under scalings as
$$\phi_n(xb^{-1}) = b^{\Delta_n}\phi_x(x)$$
where $\Delta_n$ in the so called scaling dimension of the operator. I am confused as to how exactly I should be thinking about this quantity. I understand homogeneous functions and scale invariance, but I am just wondering how the scaling dimension fits into it. Is it telling you the degree to which the range of the operator expands or contracts based on a scaling of the domain? How is this quantity thought of in practice?
For example, I could define in one dimension $\phi(x) = x^2$, and scale it as $\phi(xb^{-1}) = (xb^{-1})^2 = b^{-2} \phi(x) = b^{\Delta_n}\phi(x)$ and so the scaling dimension would be $\Delta_n = -2$. I can see its value and that its related to the exponent in $x^2$, but should I be thinking of this as any deeper?
Thanks!