Adding links to tracks is a way of noting that the two items have a relationship. Observation links are always bi-directional unlike with object links. Object linkage is a related but separate concept and you can read more about it here.
We can use links on tracks in the following ways:
Unlike with object-resolution, linking Tracks does not eliminate the individual items, and does not create a third item. The Tracks remain separate. Similarly, if Track A and Track B are linked, and we add a link from Track B to Track C, the link will not be transitively applied to Track A.
Unlinking is supported in cases where applying this relationship is no longer desired. Like linking, unlinking does not transitively apply to other Tracks. That is if Track A and Track B are both linked to Track C, unlinking Track B from Track C will not affect the link from Track A to Track C.