@tanguatlay,
Well, "in search of" is a phrase without a verb, and to "look for" is a phrasal verb. That's one difference. "To be in search" of something is a rather bookish phrase often used to denote a quest extending over time, whose outcome is expected to be somewhat deferred or uncertain, e.g. for a cure, for happiness, enlightenment, vindication, "closure" (US), etc. Thus to write or say "I am in search of my pen" without jocular intent could be heard or read as ponderous and excessively formal. German tourists might say "I am in search of Buckingham Palace". "I am looking for" would be better because the matter is simply resolved by looking at a map or asking somebody.
To search for something implies a more thorough and active endeavour than merely looking for something. A searching examination is one that is thorough and painstaking.