The title compound, C(21)H(16)N(2)O(2), was derived from 1-(2-hydroxy-phen-yl)-3-(-methoxy-phen-yl)propane-1,3-dione. The mol-ecular structure of the title compound is stabilized by an intra-molecular O-H⋯N hydrogen bond. The dihedral angle between the hydroxy-phenyl ring involved in this intra-molecular hydrogen bond and the pyrazole ring is significantly smaller [10.07 (6)°] than the dihedral angle between the pyrazole and the other hydroxy-phenyl ring [36.64 (5)°]. The benzene ring makes a dihedral angle of 54.95 (3)° with the pyrazole ring. The crystal packing is stabilized by O-H⋯O and O-H⋯N hydrogen bonds.