The concept, basic physics, and experimental details of time-resolved electron paramagnetic resonance (TREPR) spectroscopy for the study of spin-correlated radical pairs (SCRPs) in heterogeneous media are presented and discussed. The delicate interplay between electron spin wave function evolution (governed by magnetic interactions such as the isotropic electron spin-spin exchange interaction and the electron-nuclear hyperfine interaction) and diffusion (governed by the size and microviscosity of the medium) provides a mechanism for assessing molecular mobility in confined spaces on the nanoscale (e.g., micelles, vesicles, and microemulsions). Experimental examples from micellar SCRPs are used to highlight the dominant features of the TREPR under different degrees of confinement and microviscosity, and spectral simulation methods are described to show how molecular mobility can be quantified.