A divisor on an elliptic curve E is a formal sum of points $$D=\sum_{P\in E}n_P(P)$$ where the $n_P$ are integers only a finite number of which are nonzero.
Could anyone please explain what is the difference between $(P)$ and $P$ ? I know $P\in E$ is a point on $E$. And what is the use of formal sum here ?
I don't think there should be a difference between $(P)$ and $P$. Seeing it as a "formal sum" is probably a little bit confusing, since it doesn't really tell you anything. It might be helpful to think of a divisor $D$ as an element of the free abelian group on the points of your elliptic curve. As far as the usage goes, they are basically everywhere. It might help to just go through an algebraic geometry book and see it in action.