The underlying field is of characteristic $p$ > 2. In this paper, we first use the method of computing the homogeneous derivations to determine the first cohomology of the so-called odd contact Lie algebra with coefficients in the even part of the generalized Witt Lie superalgebra. In particular, we give a generating set for the Lie algebra under consideration. Finally, as an application, the derivation algebra and outer derivation algebra of the Lie algebra are completely determined.