“to cut / important” in Japanese is 切, read setsu, sai, ki (せつ, さい, き). It is a Grade 2 Kyōiku kanji, taught in year 2 of Japanese elementary school, and appears in words such as 大切 (important).
What does 切 mean?
紙を切る。
Same sound, different character — the classic trap. Compare them side by side: