Since the product is launched you should really provide the actual product that way we can give you specifics instead of vague wantrepreneur sound bytes.
Regarding pivots, there is a large body of reading that might help you create your own rubric for how or when to pivot. I would recommend starting with some of the literature out there.
As far as I’m concerned, “pivoting” is just a different way to say “making changes when what’s current in place is not working”.
There is your answer.
A larger market doesn't solve the inherent problem: people aren't interacting with your product. So first off, why aren't people interacting with your product? If you strip away all the supplementary features, you're left with the minimum viable product.
Are the MVP features getting interest & engagement? If so, it sounds like you need to double down on that and rethink those supplementary features. If not, you need to rethink your core features and figure out if it's due to execution or a false premise. If the MVP is solid on its own, you should have people wanting to use it and possibly even pay for it. If that's not the case even remotely, you might consider a pivot and maybe even a hard pivot. If you publicized it 2 years ago and launched 1 month ago, it sounds like your timing is off and you need to get that in order before you try to pivot.