Phosphorus is essential for bone formation and cellular energy metabolism, with 85% stored in bones. Serum phosphorus levels fluctuate throughout the day and can be affected by dietary intake and hormonal regulation, with various disorders leading to hypophosphatemia or hyperphosphatemia. Conditions causing hypophosphatemia include inadequate absorption, excessive renal excretion, and specific genetic syndromes, while hyperphosphatemia arises from impaired renal filtration and tissue destruction.