Only a small fraction of vitamin B 12 -requiring organisms are able to synthesize B 12 de novo, making it a common commodity in microbial communities. Initially recognized as an enzyme cofactor of a few enzymes, recent studies have revealed additional B 12 -binding enzymes and regulatory roles for B 12 . Here we report the development and use of a B 12 -based chemical probe to identify B 12 -binding proteins in a nonphototrophic B 12 -producing bacterium. Two unexpected discoveries resulted from this study. First, we identified a light-sensing B 12 -binding transcriptional regulator and demonstrated that it controls folate and ubiquinone biosynthesis. Second, our probe captured proteins involved in folate, methionine, and ubiquinone metabolism, suggesting that it may play a role as an allosteric effector of these processes. These metabolic processes produce precursors for synthesis of DNA, RNA, and protein. Thereby, B 12 likely modulates growth, and by limiting its availability to auxotrophs, B 12 -producing organisms may facilitate coordination of community metabolism.