Over the last three decades, transition-metal-catalyzed organic transformations have been shown to be extremely important in organic synthesis. However, most of the successful reactions are associated with noble metals, which are generally toxic, expensive, and less abundant. Therefore, we have focused on catalysis using the abundant first-row transition metals, specifically cobalt. In this Account, we demonstrate the potential of cobalt catalysis in organic synthesis as revealed by our research. We have developed many useful catalytic systems using cobalt complexes. Overall, they can be classified into several broad types of reactions, specifically [2 + 2 + 2] and [2 + 2] cycloadditions; enyne reductive coupling; reductive [3 + 2] cycloaddition of alkynes/allenes with enones; reductive coupling of alkyl iodides with alkenes; addition of organoboronic acids to alkynes, alkenes, or aldehydes; carbocyclization of o-iodoaryl ketones/aldehydes with alkynes/electron-deficient alkenes; coupling of thiols with aryl and alkyl halides; enyne coupling; and C-H bond activation. Reactions relying on π components, specifically cycloaddition, reductive coupling, and enyne coupling, mostly afford products with excellent stereo- and regioselectivity and superior atom economy. We believe that these cobalt-catalyzed π-component coupling reactions proceed through five-membered cobaltacyclic intermediates formed by the oxidative cyclometalation of two coordinated π bonds of the substrates to the low-valent cobalt species. The high regio- and stereoselectivity of these reactions are achieved as a result of the electronic and steric effects of the π components. Mostly, electron-withdrawing groups and bulkier groups attached to the π bonds prefer to be placed near the cobalt center of the cobaltacycle. Most of these transformations proceed through low-valent cobalt complexes, which are conveniently generated in situ from air-stable Co(II) salts by Zn- or Mn-mediated reduction. Overall, we have shown these reactions to be excellent substitutes for less desirable noble-metal systems. Recent successes in cobalt-catalyzed C-H activation have especially advanced the applicability of cobalt in this field. In addition to the more common low-valent-cobalt-catalyzed C-H activation reactions, an in situ-formed cobalt(III) five-membered complex with a 1,6-enyne effectively couples with aromatic ketones and esters through ortho C-H activation, opening a new window in this research area. Interestingly, this reaction proceeds under milder reaction conditions with broad substrate scope. Furthermore, many of the reactions we have developed are highly enantioselective, including enantioselective reductive coupling of enones and alkynes, addition of organoboronic acids to aldehydes, and the cyclization of 2-iodobenzoates with aldehydes. Overall, this Account demonstrates the versatility and utility of cobalt catalysis in organic synthesis.