Angular momentum is defined as the product of a point mass, its distance from the pivot point squared, and its angular velocity, expressed as m r² ω. This formulation aligns with the conservation of angular momentum in closed systems, similar to how linear momentum is conserved as mv. The relationship between linear and angular motion is highlighted by substituting linear velocity with angular velocity in kinetic energy equations, leading to the concept of moment of inertia. The discussion emphasizes that while angular momentum is conserved, kinetic energy may not be if the radius changes due to internal work. Overall, the connection between angular momentum and Kepler's law illustrates the fundamental principles of physics governing motion.