Why is recognizing Jesus as Lord important for Christians?

In Matthew 16:16, Peter confesses Jesus as 'the Christ, the Son of the living God,' which emphasizes the essential truth of Christ's divinity and authority. This confession is not only pivotal for Peter but also serves as a cornerstone for Christianity itself. Understanding Jesus as Lord means acknowledging His sovereignty over all creation and His role as Savior, which leads believers to rely completely on His grace for salvation. Moreover, this recognition shapes the way Christians live their lives, as it calls for submission to His will and a commitment to follow Him faithfully.