QCD is one part of the modern theory of particle physics called the Standard Model. Other parts of this theory deal with electroweak interactions and neutrinos. The theory of electrodynamics has been tested and found correct to a few parts in a billion. The theory of weak interactions has been tested and found correct to a few parts in a thousand. Perturbative forms of QCD have been tested to a few percent. Perturbative models assume relatively small changes from the ground state, i.e. relatively low temperatures and densities, which simplifies calculations at the cost of generality. In contrast, non-perturbative forms of QCD have barely been tested. The study of the QGP, which has both a high temperature and density, is part of this effort to consolidate the grand theory of particle physics.
The study of the QGP is also a testing ground for finite temperature field theory, a branch of theoretical physics which seeks to understand particle physics under conditions of high temperature. Such studies are important to understand the early evolution of our universe: the first hundred microseconds or so. It is crucial to the physics goals of a new generation of observations of the universe (WMAP and its successors). It is also of relevance to Grand Unification Theories which seek to unify the three fundamental forces of nature (excluding gravity).