Meiosis results in formation of four daughter cells from a single parent cell and each of the daughter cell will have half of the genetic materials as of that in the parent cell.
There are various importance of Meiosis, it is responsible for formation of gametes.
Chromosomes from parent cells are distributed equally in the cells during meiosis. it also helps in maintaining the chromosomal number in somatic cells.
Meiosis is responsible for diversity among the species since it results in unique arrangement of chromosomes in the gametes and hence resulting in unique offspring. This is also called as variation.