Synthesis of Zinc Oxide nanoparticles through chemical precipitation method was done taking aqueous solutions of Zinc Nitrate and Sodium Hydroxide as precursors. Elemental, structural and optical absorption studies of the ZnO nanoparticles were investigated using Energy Dispersive, X-Ray Diffraction and UV-Visible spectroscopy. The prepared nanoparticles were studied for their effect on familiar display device materials called liquid crystal/mesogen. ZnO nanoparticles were introduced in the lattice of 4-cyano-4'-pentylbiphenyl (5CB) mesogen through dispersion technique. ZnO nanoparticles incorporated 5CB is characterized through Polarizing Optical Microscopy, X-Ray Diffraction and Image Analysis using MATLAB software. From these studies, it was revealed that the presence of ZnO nanoparticles in liquid crystal enhanced the properties of pure 5CB. It was observed that the transition temperatures and crystallinity of ZnO nanoparticles incorporated mesogens were remarkably increased when compared to the pure counterpart which is a preferable feature in terms of the application of these samples. In addition, novel phases were observed in the doped liquid crystal sample at very high temperatures. These changes are assigned to the enhanced surface area to volume ratio of nanoparticles, which in turn improves their catalytic activity. ZnO nanoparticles incorporated 5CB mesogen is one among the liable materials for display devices and biosensor applications due to reduced energy consumption.