Comment by adrian_b

As another poster has also said, the determinant of a matrix provides 2 very important pieces of information about the associated linear transformation of the space.

The sign of the determinant tells you whether the linear transformation includes a mirror reflection of the space, or not.

The absolute value of the determinant tells you whether the linear transformation preserves the (multi-dimensional) volume (i.e. it is an isochoric transformation, which changes the shape without changing the volume), or it is an expansion of the space or a compression of the space, depending on whether the absolute value of the determinant is 1, greater than 1 or less than 1.

To understand what a certain linear transformation does, one usually decomposes it in several kinds of simpler transformations (by some factorization of the matrix), i.e. rotations and reflections that preserve both size and shape (i.e. they are isometric transformations), isochoric transformations that preserve volume but not shape, and similitude transformations (with the scale factor computed from the absolute value of the determinant), which preserve shape, but not volume. The determinant provides 2 of these simpler partial transformations, the reflection and the similitude transformation.