@boomerang,
It's an interesting question.
A few thoughts... first, the "hourglass figure" (boobs, but then in at the waist, then out at the hips) has a high correlation with fertility. Hormones, adequate fat stores, health (tummy fat is associated with lower health than a flat tummy but fat elsewhere), lots of different things.
So because of that correlation, the hourglass figure and its components (the bigger boobs, the bigger butt, the smaller waist) become sexualized -- 'cause men "want" (at an evolutionary level) their sperm to result in as many healthy babies as possible.
Not all women do have big boobs, and they're the ones who you can see the most change (like the doggies) when they're lactating. So that does happen with women.
All women's boobs get bigGER when they're lactating -- if they were small to start with it's more noticeable than if they were big to start with, but there's always some change.
Meanwhile DrewDad makes an excellent point about not everything having a purpose per se. Male nipples (on all mammals, not just humans) are another example there.