My guess is that it is important because first Bellerophon was a great warrior and Pegasus was his legendary horse, but soon Bellerophon became full of pride and thought he was to good for earth. He commanded Pegasus to fly op to Mt. Olympus. Zeus sent a fly to bite Pegasus, which resulted in Pegasus to throw Bellerophon down back to earth. This shows that pride will cause you to fall.
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No.Renaissance artists replaced Bellerophon (according to Greek mythology was the tamer of Pegasus), with Perseus.
The story of Bellerophon and Pegasus illustrate the Greek beleifs of modesty and virture.
Well, he helped the heros Perseus and Bellerophon. As well as taking up Zeus' lighting bolts up to him.
An example of a character from Greek mythology whose death resulted from his arrogance was Bellerophon. He had tried to fly Pegasus up to Olympus, believing that he deserved a seat with the gods. This angered Zeus, who struck him out of the sky (some myths saying that Pegasus simply refused to budge). As a result, Pegasus left Bellerophon, and Bellerophon spent the rest of his days wandering, blind and crippled.
In Greek Mythology, Pegasus was a winged horse. After dropping Bellerophon, he flew up to Mount Olympus. Zeus eventually placed him in the sky to become a constellation. Pegasus did not hold Zeus' thunderbolts, only Zeus was allowed to do this.