What is the quotient space $\mathbb{C}[x,y,z]/(x^2+y^2)$ and more generally how do I determine such spaces (if possible include some reference). Such quotients appear a lot in algebraic geometry and I struggle to understand what these spaces are and "look like". Can you provide a couple of examples?
Note that I am a physicist lacking formal training in abstract algebra. I just want to understand these quotient spaces made out of rings modded out with some polynomials.
What you are considering is the function field determined by a variety. In your case, you are considering the variety determined by $x^2 + y^2$, so the function field is naturally $\mathbf{C}(x,y,z)$, where $x,y,z$ are transcendental subject to the relation $x^2 + y^2 = 0$. By looking for the key term "function field" either in common algebraic textbooks (Hartshorne is my reference) or online, you should be able to find a plethora of supplemental material. You should note that this has origins in complex analysis where the function field is just meromorphic functions. Using this fact, you have a natural generalization in scheme theory, namely considering sheaf of meromorphic functions which Hartshorne discusses in great detail in Chapter 2.