Fetching details from the dictionary...
to model (something) on; to be modelled on; to be made in the shape of; to take the shape of; to imitate
to symbolize; to represent
龍を象った置物が棚に飾られていた。
A figurine modelled after a dragon was displayed on the shelf.
桜の花を象って作ったブローチを母に贈った。
I gave my mother a brooch modelled after cherry blossoms.
ハートを象るように指を組んで恋人同士で写真を撮った。
The couple intertwined their fingers to form a heart shape and took a photo.