Utilizing a serverless framework in application development offers numerous benefits, primarily by allowing developers to focus on writing code rather than managing servers. This paradigm enhances scalability, enabling applications to handle varying loads seamlessly. Cost efficiency is another advantage, as businesses only pay for the actual compute time used. Additionally, serverless architecture supports faster deployment times and reduces the complexities associated with server maintenance. This approach fosters innovation and agility, allowing teams to deliver features to users more rapidly and effectively.