The crystal structure of the inclusion complex of β-cyclodextrin (β-CD) synthesized with felbinac (4-biphenylacetic acid) was determined by single crystal X-ray diffraction at 150 K. The complex contains two β-CDs, two felbinac molecules, twenty-two water molecules in the asymmetric unit, and could be formulated as (C 42 H 70 O 35 ) 2 •(C 14 H 12 O 2 ) 2 •22(H 2 O). In the crystal lattice, the two β-CD moieties form a head-to-head dimer jointed through hydrogen bonds, and the felbinacs that interact by face-to-face π-π stacking are included in the β-CD dimer cavity with their carboxyl groups protruding out from cavity opening. In crystals the dimer units of β-CD are stacked in an intermediate type (IM) that consists of closely packed β-CD dimer layers.