The Well has been portrayed by 20th-century writers as a symbol of the female aspect of deity, with the male symbolised by Glastonbury Tor. It is a popular destination for piligrims in search of the divine feminine, including Neopagans. The Well is however popular with all faiths and in 2001 became a World Peace Garden.

Wells often feature in Welsh and Irish mythology as gateways to the spirit world. The overlapping of the inner and outer worlds is represented by the well cover. The two interlocking circles constitute the symbol known as the Vesica Piscis.