Widely used as a catalyst in asymmetric oxidation reactions, particularly in enantioselective epoxidation of alkenes and hydroxylation of C–H bonds. Its chiral cobalt complex structure enables high stereoselectivity, making it valuable in the synthesis of pharmaceutical intermediates and fine chemicals where precise stereochemistry is required. Commonly applied in academic and industrial research for developing chiral molecules, including active pharmaceutical ingredients (APIs). Also utilized in studies involving biomimetic oxidation processes due to its ability to mimic enzyme-like selectivity.