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This invention relates to the field of cosmetic technology, specifically to a salicylic acid supramolecular complex, its preparation method, and its applications. The components include salicylic acid, panthenol, and cyclodextrin; the weight ratio of salicylic acid to panthenol is (20-79):(40-59). The salicylic acid supramolecular complex prepared by this invention improves upon the inherent defect of salicylic acid's poor water solubility due to its lipid solubility. Furthermore, the prepared salicylic acid supramolecular complex maintains good solubility in various complex formulation systems containing commonly used cosmetic solvents such as ethanol and polyols.