Parked domains are often used by businesses that want to have more than one web address for advertising purposes. Parked domains are additional domains hosted on your account which display the same website as your primary domain and share web statistics as well; however, you can give the parked domain its own email boxes.
For example, if you own domain1.com and it is the primary domain of your cPanel account, you can set up domain2.com as a parked domain and it will load the content of domain1.com. When you visit domain2.com, you will notice that although the content of domain1.com is loading in the browser, the address bar will display http://domain2.com/.
Domains must be registered with a valid registrar before they can be parked. In addition, a domain will not be functional unless it is configured to point to the same name servers as your primary domain.
To add a parked domain to your account:
You have just added a parked domain.
To remove a parked domain from your account:
To learn more about the difference between parked domains, addon domains and subdomains, please see the following article: