The basic learning value of this worksheet is to provide preschoolers with a fun and engaging way to start recognizing and learning letters, sounds, and words. The colorful pictures and words help to reinforce their visual memory, while the phonics aspect helps them to understand the basic principles of reading. As they match the letters with the words, they are also developing their language and communication skills. Overall, this worksheet promotes the development of early literacy skills and sets a foundation for future success in reading and writing.