Dinosauria emerges around 238 million years ago (± 5 million) if we are using it as an inferred origin point rather than the date of the oldest undisputed fossils. That works well for a timeline because the earliest clear theropods and sauropodomorphs appear soon after, which implies their common dinosaur ancestor must be a little older. One of the classic body traits associated with true dinosaurs is the perforated acetabulum, the fully open hip socket that helped support a more upright, efficient stance. It is not the only defining trait of Dinosauria, but it is one of the best-known shared markers of the group.
Before this point, the story belongs to the broader bird-line archosaurs rather than to true dinosaurs themselves. Earlier dinosauromorphs such as Asilisaurus lived before definitive dinosaurs and help show the gradual buildup of dinosaur traits. And beside that line, within the broader archosaur world, the pterosaurs had already split off earlier within Ornithodira, which means they were close relatives of dinosaurs but not dinosaurs themselves. So this moment in your timeline works nicely as the point where the dinosaur branch becomes distinct, after earlier archosaur experimentation but before the great dinosaur radiation is fully underway.
From Dinosauria, the two great classic branches emerge: Saurischia and Ornithischia. From Saurischia come the theropods and sauropodomorphs—the line of predators that eventually includes birds, and the line that leads to the giant long-necked dinosaurs. From Ornithischia come the later plated, armored, horned, and duck-billed plant-eaters, including stegosaurs, ankylosaurs, ceratopsians, and hadrosaurs. Dinosauria the true branching moment. The common base from which the major dinosaur stories begin.