A juxtamedullary nephron is a type of nephron in the kidney characterized by its long loop of Henle that extends deep into the medulla. This structure plays a crucial role in concentrating urine and regulating water balance in the body. The juxtamedullary nephron is essential for maintaining proper osmotic balance due to its ability to create a hyperosmotic environment in the renal medulla, which aids in the reabsorption of water from urine.