Actually there are many reason to ask $z'(t)\
eq 0$.
It there is such a point on your complex function, then many things can happen, in particular the function can break at some point and being unpredictable. It means that at this very bad point, you can't guess where the curve is going next: there is no linear approximation of the curve, no tangent line or direction at this point. You also can't speak about the curvature or even find a unit speed parametrization of the curve.
In fact, begin smooth means that, locally, the curve should looks like a straight line. This is a very import notion of submanifold of $\mathbb R^n$.
Here is an example of a curve $t\mapsto z(t)=(x(t),y(t))$ with one bad point at $(0,0)$ with $$x(t)=\dfrac{t^2}{1+t-t^3}, \quad y(t)=\ln(1+t^2)$$ !enter image description here