Used as a chiral coordination compound in asymmetric synthesis and catalysis. Serves as a model complex in studies of coordination chemistry and stereochemistry due to its stable octahedral geometry and optical activity. Employed in educational laboratories to demonstrate optical isomerism in metal complexes and resolution techniques. Also utilized in research involving ion exchange and electrochemical behavior of cobalt(III) complexes, as well as spectroscopic analysis such as UV-Vis and IR due to its characteristic spectra.