The PHP date() function formats timestamps to readable dates and times. It takes a format string as the first parameter to specify how the date/time should be formatted. Common format characters include d for day, m for month, and Y for year. The date() function can also take an optional second parameter, which is a timestamp. If no timestamp is provided, it will use the current date and time. Cookies are often used to identify users across multiple pages. The setcookie() function creates a cookie, while $_COOKIE retrieves cookie values. Sessions in PHP allow information to be stored and retrieved across multiple pages for a single user.