What is the use of AutoWireup in asp.net?

AutoEventWireup attribute is used to set whether the events needs to be automatically generated or not.
In the case where AutoEventWireup attribute is set to false (by default) event handlers are automatically required for Page_Load or Page_Init. However when we set the value of the AutoEventWireup attribute to true the ASP.NET runtime does not require events to specify event handlers like Page_Load or Page_Init.