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The phrase "has considerable importance" is grammatically correct and can be used in written English.
It is typically used to describe something that is significant or has a great deal of importance. Example: "The preservation of the environment has considerable importance for future generations."
Exact(12)
In most industrialized countries, health care is one of the most important market segments and, therefore, has considerable importance for the overall economy.
As a recreation centre, its year-round facilities prove a magnet to the inhabitants of the huge urban areas of California, and it has considerable importance as a source of power and water.
It has considerable importance as a food, feed and fodder.
Electric power, as an efficient and clean energy, has considerable importance in industries and human lives.
Additionally, not only removal of pollutants from different environmental compartments, but also monitoring of contamination levels has considerable importance.
Evaluation of a project and its contractors has considerable importance in gas well-drilling projects due to their high investments and worth.
Similar(47)
Nonetheless, when the predictor importance was examined for the size classes, NPP models (vgpm, cbpm) had considerable importance for bacterial, meiofaunal, and macrofaunal biomass but appeared less important for megafaunal biomass.
The association's successive syllabi have had considerable importance for countries such as Ghana, Nigeria, and the Caribbean states.
Until their eradication by the National Assembly between 1789 and 1793, they had considerable importance in France, where they were employed to create and reinforce familial and social bonds.
In similar interpretation, wild foods in our study area had considerable importance in household resilience to food insecurity.
The derived formulas and presented graphs for influence zone depth estimation have considerable importance for civil engineering practice.
More suggestions(17)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com