The arg() function in complex analysis represents the argument of a complex number, which is a key component alongside its modulus. It is defined as the angle in polar coordinates, typically expressed using the arctan function: arg(z) = arctan(y/x) for a complex number z = x + iy. The discussion highlights the multivalued nature of the complex logarithm and exponential functions, where the term 2πik (k ∈ ℤ) arises. There is confusion regarding the relationship between arg(z) and arccos, with clarifications that arg(z) cannot be directly equated to arccos(Re(z)). Overall, the arg() function is essential for characterizing complex numbers in polar form.