The 8085 microprocessor has 40 pins that are grouped into several categories: Address bus, data bus, control signals, power/clock, I/O ports. It uses an 8-bit address bus and 8-bit multiplexed address/data lines. Control signals include ALE, RD, WR and IO/M. The document discusses the memory read/write cycles and timing diagrams, explaining how the microprocessor fetches instructions from memory locations by placing the address on the bus and reading the data using RD.