The rising demand and financial costs of noble transition metal catalysts have emphasized the need for sustainable catalytic approaches. Over the past few years, base‐metal catalysts have emerged as ideal candidates to replace their noble‐metal counterparts because of their abundance and easiness of handling. Despite the significant advancements achieved with precious transition metals, earth‐abundant cobalt catalysts have emerged as efficient alternatives for allylic substitution reactions. In this review, allylic alkylations at sp3‐carbon centers mediated by cobalt will be discussed, with a special focus on the mechanistic features, scope, and limitations.