The significance is that it often makes the story more relatable. True stories can carry real emotions and real - life situations that fictional ones might not fully capture.
Well, being based on a true story gives it a sense of authenticity. It can also serve as a way to document real events or people. For example, it might bring to light a particular era or a social situation that actually existed. Maybe it shows the real struggles and triumphs of a tailor in a certain place and time, which can be both educational and inspiring for the audience.