Final answer:
The TO_CHAR function in SQL can display insignificant zeros by specifying a number format model that includes zeros, such as in TO_CHAR(123, '0000.00') which results in '0123.00'.
Step-by-step explanation:
The TO_CHAR function is indeed used to convert numbers or dates into formatted text strings in SQL. When formatting numbers, TO_CHAR can display insignificant zeros if a number format model is specified that includes zeros. For example, using TO_CHAR(123, '0000.00') would result in '0123.00', where the insignificant zeros are displayed by specifying '0's in the format model.