The invention belongs to the technical field of organic synthesis intermediate, medicine and liquid crystal material, in particular, relates to a method for synthesizing diphenylacetylene by utilizing calcium carbide. The method comprises the following specific steps: adding toluene, iodobenzene, cesium carbonate, cuprous iodide, ferron, N,N'-dimethylethylenediamine, and calcium carbide into a reactor, stirring and reacting at the temperature of between 140 and 146 DEG C for 115-125 hours; water processing the reactant after finishing the reaction, extracting with ethyl acetate, washing the organic layer with saturated salt water, and drying with anhydrous sodium sulfate, and them obtaining crude product after decompression evaporating solvent; separating and purifying the crude product by column chromatography to obtain the required product. Molar ratio of calcium carbide to iodobenzene is (2-10):1; molar ratio of cesium carbonate to iodobenzene is (1.5-3):1; molar ratio of cuprous iodide to iodobenzene is (0.05-0.3):1; molar ratio of ferron to iodobenzene is (0.05-0.3):1; and molar ratio of N,N'-dimethylethylenediamine to iodobenzene is (0.05-0.3):1. The diphenylacetylene synthesized by the method can be applied to organic synthesis, liquid crystal material and pharmic synthesis intermediates. The invention takes calcium carbide as raw material and ferric chloride as catalyst. The invention has easily obtained raw material, low cost, simple technology, and easy industrialization.