$E_{cell}$ is the cell potential or electromotive force (EMF) of an electrochemical cell, which is the potential difference between the two half-cells that make up the cell. It represents the ability of the cell to do electrical work and is a crucial parameter in understanding the spontaneity and feasibility of redox reactions. $E_{cell}$ is directly related to the Gibbs free energy change ($ ext{\Delta G}$) and the equilibrium constant ($K_{eq}$) of the overall cell reaction, providing a quantitative measure of the driving force behind the chemical process.