A pH
test kit is only important in a few instances. First, if you are going to cycle with fish in your tank, then it is extremely important to know what the pH of your water is. The more below 7 it is, the less important it is to worry about ammonia poisioning your fish. If your pH is above 7 then that means that even at a low total ammonia level for your tank, enough of it will be toxic to your fish and the chances of them not making it without help is more prevalent. Now that being said, it is important to know what your pH is because if you have a 7.5-8.0+ pH then any change in your tank that causes a small spike in your tank of ammonia could be deadly to your fish. Now if you are using chemicals like Prime or Amquel+ then these concerns aren't quite as important (they will detoxify any ammonia that is toxic so you don't have to worry about it), but without them you have to be very careful.
Another time pH is very important is when bringing home more fish from the pet store. I always test the water they are in (from the bag) and test my tank to see how different they are from each other. This difference determines how long their acclimation process is. I had a store that tested at 7.8pH and my tank is at 7.2pH. It may not have killed them but they would have felt the effect of that kind of change if done quickly. I had another store that was pretty much the same as my tank, in that case I was able to add them after just the temperature adjustment phase. Now of course I go the extra step and test the ammonia and
nitrite levels in the bag (should be zero) as well, but that's just because I'm over cautious like that.
Also depending on what you have, or plan to have in your tank (not talking fish here but substrate, decorations, etc.) you should test your pH to know if it changes from one day to another. For example, if you add
driftwood to your tank, one day your tank could be 7.0 pH, but a few weeks later you could find it to be 6.5 pH or lower. Now that pet store water being at 7.5 pH didn't seem to be all that different from your tank before is now a full point of pH higher if not more. Adding your fish without a long acclimation process will have them darting around upon being added because the change is actually burning them. So it's important to know how various things are effecting your water as well.
Now all that being said, on it's own it isn't nearly as important as a lot of the fish sites would have you believe. A fish that is said to "like" a range of 6.0-7.5 pH can live just fine in a tank that is at 8.0 pH if you adjust them to it slowly. So it's more of a way to understand what is going on in your tank then anything. Then if something goes wrong, you have a better supply of information to work from in solving the problem.