moment of inertia is like mass. When you write the law of motion in polar coordinates (or in 3D, coordinates with respect to Euler angles.), you found out that there are a couple extra terms of r^2 and such, which result in the torque=I*angular acceleration. Or in Lagrangian formulation, angular momentum in planar motion is simply the generalized momentum with respect to the theta coordinate, and torque is the generalized force to the theta coordinate.
think about F=ma, in x,y direction. to accelerate something, you push in x or y direction. Now in polar coordinates, to accelerate the "angle", you push a force in the increasing theta direction, the acceleration in theta is exactly analogous to F=ma.