Thanks for posting your question in the Microsoft Q&A forum.
Cosmos DB’s Analytical Store provides near real-time analytics on operational data, which is challenging to achieve with traditional SQL databases.
In addition, Cosmos DB is designed to handle massive scale and global distribution more seamlessly compared to Azure SQL Database with read replicas.
At all, Azure Cosmos DB with Analytical Store offers specific advantages for scenarios requiring integrated real-time analytics on operational data, multi-model support, and global distribution, while Azure SQL Database with read replicas is more suited for traditional relational workloads with high read scalability.
** Please don't forget to close up the thread here by upvoting and accept it as an answer if it is helpful **