Following SierraX and Peter's suggestion about text manipulation, curly brackets {}
are used to pass a variable to a command, for instance:
Let's say you have a sposi.txt file containing the first line of a well-known Italian novel:
> sposi="somewhere/myfolder/sposi.txt"
> cat $sposi
Ouput: quel ramo del lago di como che volge a mezzogiorno
Now create two variables:
# Search the 2nd word found in the file that "sposi" variable points to
> word=$(cat $sposi | cut -d " " -f 2)
# This variable will replace the word
> new_word="filone"
Now substitute the word variable content with the one of new_word, inside sposi.txt file
> sed -i "s/${word}/${new_word}/g" $sposi
> cat $sposi
Ouput: quel filone del lago di como che volge a mezzogiorno
The word "ramo" has been replaced.