Hi. Every microphone can basically be used for studio and live applications. But not every microphone is equally suitable for every application. What do you want to pick up with it? Vocals, drums, guitars? Am I right in assuming that you are a layman when it comes to audio engineering? Then I wouldn't recommend taking this microphone on stage. I also avoid condenser microphones live. Too fragile. If you want a top microphone that is convincing both live and in the studio, then take a look at this one: Neumann KMS 105/104.