In natural language processing, language models have achieved remarkable success over the last few years. The Transformers are at the core of most of these models. Their success can be mainly attributed to an enormous amount of curated data they are trained on. Even though such language models are trained on massive curated data, they often need specific extracted knowledge to understand better and reason. This is because often relevant knowledge may be implicit or missing, which hampers machine reasoning. Apart from that, manual knowledge curation is time-consuming and erroneous. Hence, finding fast and effective methods to extract such knowledge from data is important for improving language models. This leads to finding ideal ways to utilize such knowledge by incorporating them into language models. Successful knowledge extraction and integration lead to an important question of knowledge evaluation of such models by developing tools or introducing challenging test suites to learn about their limitations and improve them further. So to improve the transformer-based models, understanding the role of knowledge becomes important. In the pursuit to improve language models with knowledge, in this dissertation I study three broad research directions spanning across the natural language, biomedical and cybersecurity domains: (1) Knowledge Extraction (KX) - How can transformer-based language models be leveraged to extract knowledge from data? (2) Knowledge Integration (KI) - How can such specific knowledge be used to improve such models? (3) Knowledge Evaluation (KE) - How can language models be evaluated for specific skills and understand their limitations? I propose methods to extract explicit textual, implicit structural, missing textual, and missing structural knowledge from natural language and binary programs using transformer-based language models. I develop ways to improve the language model’s multi-step and commonsense reasoning abilities using external knowledge. Finally, I develop challenging datasets which assess their numerical reasoning skills in both in-domain and out-of-domain settings.