No, is not the notation for a field itself. Instead, is the notation for the polynomial ring over a field .
Given a field , represents the set of all polynomials with coefficients in . The variable is an indeterminate, which means it doesn’t take on any specific value within the field .
For instance, if is the field of real numbers (often denoted as ), then or represents the set of all polynomials with real coefficients.
Although is a ring, it’s not generally a field because most polynomials don’t have multiplicative inverses in . For example, in , the polynomial doesn’t have a multiplicative inverse, because there’s no polynomial you can multiply by to get 1 (the multiplicative identity in ). However, (note the parentheses) denotes the field of rational functions over , and this is a field.