The parietal lobe is located at the top of the brain and is responsible for processing sensory information and integrating it with motor commands. It has clear boundaries defined by sulci and gyri. The parietal lobe can be divided into anterior and posterior zones, with the anterior zone processing somatic sensations and the posterior zone integrating visual and somatosensory information for movement. The parietal lobe plays an important role in functions like processing tactile information, visual control of movement, and spatial awareness.