This cobalt(II) complex is primarily utilized in catalysis, particularly in asymmetric synthesis, where it facilitates the production of chiral molecules with high enantioselectivity. Its unique structure allows it to act as an efficient catalyst in various organic transformations, such as cyclopropanation and C-H functionalization reactions. Additionally, it is employed in the development of advanced materials, including coordination polymers and metal-organic frameworks (MOFs), due to its stable and well-defined coordination geometry. Its application extends to research in the field of molecular magnetism, where it contributes to the study of magnetic properties in transition metal complexes.