This compound is primarily used as a catalyst in asymmetric synthesis, particularly in enantioselective oxidation reactions. It facilitates the selective conversion of prochiral substrates into chiral products with high enantiomeric excess, making it valuable in the pharmaceutical and fine chemical industries. Its robust structure allows for efficient performance under mild reaction conditions, and it is especially effective in catalyzing hydroxylation and epoxidation of organic molecules. The steric bulk of the ligand framework enhances selectivity, while the cobalt center enables redox activity essential for catalytic turnover. It is also studied for use in polymerization reactions where stereocontrol is critical.