Final answer:
The Eucharist is important in the life of the Church as a sacrament and a central act of worship. It symbolizes Christ's sacrifice and is believed to undergo a transformation for some Christians.
Step-by-step explanation:
The Eucharist holds a significant place in the life of the Church because it is considered a sacrament and a central act of worship for Christians. It is believed to be a reenactment and memorial of Christ's sacrifice on the cross, where bread and wine symbolize his body and blood.
For Catholics and Eastern Orthodox Christians, the Eucharist is believed to undergo a literal transformation into the actual body and blood of Christ.