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Nevertheless, the importance of Planck's constant went far beyond its initial use. It is the fundamental constant associated with quantum theory. Any theory that does not contain Planck's constant is not a quantum theory. Furthermore, if you take Planck's constant to zero, you can convert a quantum theory to a classical theory. This gives us some insight into the physical nature of Planck's constant.
Let's first consider angular momentum. Planck's constant must pop up in the treatment of angular momentum given that its units are those associated with angular momentum. In fact, it is the quantum unit of angular momentum. Any change in angular momentum occurs in integer units of Planck's constant. Thus angular momentum is quantised. But there is more to quantum theory than just angular momentum. This gives some insight into Planck's constant, but is not sufficiently general.
Planck's constant is often simplified to representing a quantum of energy. This is not strictly correct. Instead, it provides the energy of a quantum object with a specific frequency. It cannot be a quantum of energy because the units are incorrect. Furthermore, this is not just applicable to photons, which are quanta of the electromagnetic field.
And then there's this which is really something for you and not me because it's fucking French to me...
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Phase space is a convenient way of expressing dynamics of systems. A phase space corresponds to considering position and momentum as orthogonal coordinate axes. Then the dynamics of a mechanical system traces out some sort of pattern in this phase space. For example, a simple pendulum will trace out an ellipse in phase space. For a classical system, the state at any time can be represented by a point in this phase space. However, for a quantum system, this is not the case. Planck's constant represents a volume in phase space. Therefore it cannot be a point! In fact, this corresponds precisely to the Heisenberg uncertainty principle. A property of phase space volumes is that they are invariant if energy is conserved. That means if you squeeze one axis, the other expands to compensate to retain the volume. Thus, the quantum of phase space volume represented by Planck's constant can be squeezed and stretched, but retains its volume. In short, the introduction of Planck's constant directly gives the Heisenberg uncertainty principle. Furthermore, this explains why the classical limit corresponds to taking Planck's constant to zero, as this allows the phase space volume to disappear back to a point, where both position and momentum are precisely defined.
I won't go into the other interpretations of Planck's constant related to the Action. One often reads that Planck's constant represents a quantum of the Action. However, it is not so clear what that actually means. It certainly doesn't mean that systems evolve in quantised steps of the action. The evolution of systems is smooth. Rather, one must consider the path integral formulation of quantum theory as introduced by Feynman. This quantum of the action represents some sense of the extent of a classical path among the sum over all paths. So in a sense it is a measure of the breadth of the Action. I personally do not find this too enlightening, so won't pursue this further.
For me, the biggest insight comes through the phase space analysis. The interpretation of Planck's constant as a fundamental quantum of phase space volume directly gives us the Heisenberg uncertainty principle.
Overall, Planck's constant serves a number of roles, which is why it is difficult to pin down its physical meaning. It is a measure of the fundamental quantum of angular momentum; a measure of a quantum of phase space volume; and a measure of a quantum of the Action. Moreover, and perhaps most importantly, it provides a conversion between classical and quantum Fourier theory, which is the essence of quantum theory. That's really doing a lot of heavy lifting for a single constant.