I first heard of the ZF Aziom of Pairing watching this. I don't get why it is necessary to have an axiom which states that a set exists. Doesn't a set exist simply by virtue of the fact that it has a definition?
Given that $x$ and $y$ exist, why can I not claim that $S=\{x,y\}$ exists without this axiom?
"Doesn’t a set exist by virtue of it’s definition"
No, essentially you are saying that if you have a property $P$, then there should exist a set $X$ whose elements are exactly those which satisfy $P$.
Now this may seem like a very natural axiom, however it’s inconsistent(using it you can prove absurd statements like $0=1$!).
One can see it’s inconsistency by letting $P(x)=\neg(x\in x)$ and forming the “set of all sets which do not contain themselves” which leads to the famous Russel Paradox.
See https://en.wikipedia.org/wiki/Russell%27s_paradox