The data link layer is the second layer of the OSI model, providing reliable communication by managing the framing, addressing, error detection, and flow control of data packets between devices on a network. It is responsible for encapsulating network layer packets into frames, adding necessary control information, and ensuring that data is transmitted error-free and in the correct order. Key functions include framing, addressing, error detection and correction, flow control, and access control using protocols such as HDLC and IEEE 802.