Glass Fiber-Reinforced Concrete (GFRC) has emerged as a sustainable and versatile building material. This paper provides a comprehensive overview of GFRC, encompassing its composition, construction techniques, and unique properties. A detailed life cycle assessment (LCA) evaluates its environmental impact, considering factors such as energy consumption, greenhouse gas emissions, water usage, and waste generation. GFRC's potential to reduce the environmental footprint of construction is highlighted by comparing it to traditional concrete. A detailed cost analysis is presented to assess the economic viability of GFRC. Both initial and long-term costs are considered, including maintenance, repair, and replacement. The study reveals that while GFRC may have higher initial costs, its superior durability, reduced maintenance requirements, and longer lifespan can lead to significant long-term cost savings. The paper discusses the diverse applications of GFRC in architecture and construction, including its use in cladding systems, facades, sculptural elements, and structural components. By understanding the advantages, limitations, and economic implications of GFRC, architects, engineers, and construction professionals can make informed decisions to leverage this innovative material for sustainable and aesthetically pleasing building projects.