In 1928, J. W. Alexander published a paper “Topological Invariants of Knots and Links” in which he defined a polynomial invariant of knots and developed new insights including the braid relations. There are several ways to look at these invariants, some of these use the knot group previously defined by Max Dehn, but there are also various combinatorial methods derived from Alexander’s original one. One of the best known methods is via Fox derivatives and is described in the classical text by Richard Crowell and Ralph Fox.
Consider some 3-manifold given as a surface fiber bundle over the circle (notice the virtually fibered conjecture). For a fiber surface , the translation of the fibre around the base-space circle determines an element in the mapping-class group of , a homeomorphism well defined up to isotopy; this element is called the holonomy of the fiber surface; the Alexander polynomial is the characteristic polynomial of the map the holonomy induces on .
In Remark 3.3 of Sugiyama 04, the Alexander polynomial is described as the L-function of the knot complement, taken there with the trivial represenation. As such it resembles the local zeta function of a curve.
Various approaches to the Alexander polynomial are described in introductory texts such as
John Stallings, Constructions of fibered knots and links, Proceedings of Symposia in Pure Mathematics, Volume 32,1987 (pdf)
An analogue in number theory is Iwasawa polynomial. Cf. for number theoretic analogies