Snap rings are crucial in turbocharger core assembly as they securely hold bearings and seals in place, ensuring the integrity of the turbo's internal components. They are cost-effective and easy to install, making them a preferred choice for retention in turbo machinery. Snap rings help address challenges related to thermal expansion, stress, and vibration, which are significant considerations in turbo design. Their application includes holding both the housing and journal bearings in place, contributing to overall reliability. The use of snap rings is essential for maintaining the functionality and durability of turbochargers.