Understanding and control over the self-assembly of molecules is desirable in many physico-chemical processes. Functional groups responsive to a pH change offer immense scope in driving selective molecular self-assembly. pH-dependent self-assembly of an aromatic acid derivative of cholesterol, 4-(6-(cholest-5-ene-3-yloxy)-5-(oxopentyloxy)) benzoic acid, ChBA, is investigated at the air-aqueous interface and characterized using different interface-sensitive techniques. Evidence for the presence of unstable films of ChBA at the air-water interface or for pH < 10 emerges from the surface pressure – area per molecule isotherm, surface pressure relaxation, and Brewster angle microscopy studies. In contrast, for pH > 10.6, ChBA forms a relatively stable film with a higher magnitude of the collapse pressure (45 mN/m). The compressional moduli and the textures obtained using Brewster angle microscopy reveal the presence of two phases (L1 and L2), which are also highly stable with temperature. The surface topography of ChBA films transferred from the air-water interface reveals the presence of multilayers of different thicknesses, for film transferred at pH 11 reveals primarily a uniform and homogenous monolayer. Based on the dependence of the collapse pressure with pH, the surface pKa of ChBA is estimated to be about 10.6. Our studies show that the undissociated ChBA spontaneously forms multilayers, whereas partially or fully dissociated ChBA forms distinct and ordered monolayer phases, highlighting the role of electrostatic interactions.