Despite the success of vision-language models in various generative tasks, obtaining high-quality semantic representations for products and user intents is still challenging due to the inability of off-the-shelf models to capture nuanced relationships between the entities. In this paper, we introduce a joint training framework for product and user queries by aligning uni-modal and multi-modal encoders through contrastive learning on image-text data. Our novel approach trains a query encoder with an LLM-curated relevance dataset, eliminating the reliance on engagement history. These embeddings demonstrate strong generalization capabilities and improve performance across applications, including product categorization and relevance prediction. For personalized ads recommendation, a significant uplift in the click-through rate and conversion rate after the deployment further confirms the impact on key business metrics. We believe that the flexibility of our framework makes it a promising solution toward enriching the user experience across the e-commerce landscape.