The $\rightarrow$ symbol is a connective. It's a symbol which connects two propositions in the context of propositional logic (and its extensions, first-order logic, and so on).
The truth table of $\rightarrow$ is defined to be that $p\rightarrow q$ is false if and only if $p$ is true and $q$ is false.
Indeed this is the same meaning of $\implies$, but the difference is that $p\implies q$ is a statement about propositions, whereas $p\rightarrow q$ is a proposition. In some contexts, though, people don't make this distinction between material implication (the connective) and logical implication (the $\implies$ arrow). But they are not the same thing in every context of propositional logic.