What is the significance of Garbage Collection optimization in Spring Boot, and how can it impact application performance?

Garbage Collection optimization is significant in Spring Boot because it can reduce memory usage. Inefficient garbage collection can lead to increased memory consumption, longer pauses, and application slowdowns. By optimizing garbage collection settings and strategies, you can reduce memory overhead, minimize pause times, and improve overall application performance. Garbage Collection does not directly impact database performance or network communication speed in Spring Boot applications.