Baking soda is sodium bicarbonate and can be used to directly increase the total alkalinity in pool water. It can also indirectly increase pH slightly.
Baking soda (called "sal aeratus" in the 1800s) and buttermilk (or milk soured with vinegar or lemon juice) react together to produce carbon dioxide, like baking powder and water, or yeast. This...
Since your question is in the "pool care" section I will assume you mean swimming pool water. In that case, YES, sodium bicarbonate is used to adjust pH and total alkalinity.