Final answer:
The significance of Archaeopteryx lies in its combination of both avian and dinosaurian traits, which provides evidence of the evolutionary link between birds and dinosaurs and suggests some dinosaurs were approaching endothermy.
Step-by-step explanation:
The discovery of Archaeopteryx is significant because it acts as a transitional fossil that provides evidence for the phylogenetic relationship between birds and dinosaurs, which are a subgroup of reptiles. Archaeopteryx, dating from the Jurassic period, exhibits a mix of avian and dinosaurian traits, such as feathers modified for flight akin to those of modern birds and a skeletal structure bearing reptilian characteristics like a jaw with teeth and a bony tail.
This supports the idea that modern birds evolved from theropod dinosaurs, which challenges the previous notions of the ancient origins and development of birds. The presence of feathers on this dinosaur also gives credence to the hypothesis that some dinosaurs were nearing an endothermic (warm-blooded) state like modern birds. Therefore, Archaeopteryx represents a critical piece of evidence in understanding both the evolutionary lineage of birds and the physiology of dinosaurs.