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This name is perfect for a company in the exercise or fitness sectors.
The name "Backsquat" has nine letters and just two syllables. Two-syllable names are highly rare and exceptionally valuable. Successful brands using two syllable names include Starbucks, Pepsi and YouTube.
This domain was first registered in January 2019. Older domains have an advantage when ranking in search engines.
Backsquat.com is a dot com domain. Dot com is the most desirable domain extension. Once you own a dot com, it will be much easier to rank for your own name in Google.
One suggestion for how this name could sound when used.