Selective Estrogen Receptor Modulators (SERMs) are a class of drugs that selectively bind to estrogen receptors and act as estrogen agonists or antagonists depending on the target tissue. This dual action allows SERMs to provide beneficial effects similar to estrogen in some tissues, such as bone, while blocking its effects in others, like breast and uterine tissues. SERMs play a crucial role in managing conditions related to bone metabolism and calcium homeostasis.