It actually doesn't have anything related to development.
While working with Amazon managed services we can take advantage of IAM roles but that doesn't work when you're doing it from our local environment or from some other Cloud VM like accessing a S3 bucket. It comes handy when you're doing a lot of work with AWS CLI or even writing terraform for your environment. It is just for a precaution so we don't expose or IAM credentials to external world (you will receive an abuse notification from Amazon whenever your keys are compromised). There are many other ways to make sure your keys don't get compromised like before pushing your code to a version control use git-secrets to make sure you don't push any sensitive information.