I think all it does is make a special comment which Xcode adds to the quick jump list thing at the top of an xcode code view window. Immediately underneath the title bar there is a narrow bar with a dropdown list of every class and method that's in the current file. When you pragma mark a line it will also show up on this list so that you can quickly jump to that line from anywhere else in the file. It is useful for defining major sections of code.