When you annotate videos on Air and the function is similar to timestamp comments.

Drawing an annotation will pause a playing video and add a timestamp to your comment as well. From the comment tab on the video asset preview, clicking on any annotated video comment jumps directly to the corresponding moment in the video player and highlights the annotation. From the video player timeline in the asset preview, clicking a user profile icon jump to that moment of the video and highlights the comment in the comment tab.