I have read Riesz representation theorem quite a lot of times. While understanding the mathematical meaning, that is, for each element $x$ in a Hilbert space $X$, there will be a linear and bounded functional $f_x$ in $X$ that when acts on any $y\in X$, is inner product of $x$ with $y$ and vice versa.
I am struggling to have a deeper understanding of this. What are Riesz representers? Can these be viewed as geometrical objects? Why are these so important? How can someone explain importance of this theorem to a layman? Any help and correction will be appreciated, thanks.
You are reading the theorem wrong, I think, or are giving its claims the wrong weight, emphasizing the trivial direction. The important claim is that if you take a linear functional $\alpha\in X^*$, then there exists a vector $x$ so that the function values of the linear functional are the scalar products with $x$, $\alpha(y)=\langle x,y\rangle$, or $\alpha=f_x$.
Geometrically it can be interpreted that for the hyperplane $\{y:\alpha(y)=0\}$ there is one (and only one) normal direction. This is trivial in Euclidean geometry, but not as trivial in infinite dimensional Hilbert spaces.