Hi, there is most definitely a relation to the mobius function and the prime counting function. It can be shown that the statement

is equivalent to the Riemann hypothesis, which dictates the error term in the prime number theorem. You should be able to find more infor on RH and the PNT easily enough.
ps. for Janitor, the prime counting function is

, in other words,

is the number of primes less than or equal to x.