Final answer:
Cholesterol is vital for the body as it is integral to cell membrane stability and functions as a precursor to steroid hormones, vitamin D, and bile salts necessary for fat digestion.
Step-by-step explanation:
Cholesterol, though it is not an energy molecule, has importance in the body because it is a stabilizing component of the plasma membranes and is the parent molecule of steroid hormones. Cholesterol is essential for the proper functioning of the body, despite its negative reputation among laypeople.
It not only supports the structure of plasma membranes in animal cells but also serves as a precursor for vital biological molecules such as hormones (testosterone, estrogen, progesterone), vitamin D, and bile salts which are crucial for emulsification and absorption of fats. Additionally, cholesterol is involved in signaling processes and is a key component in nerve cells.