Traditionally, baddha konasana is believed to stimulate the svadisthana (spleen or sacral) chakra, which is associated with creativity and determination. Stimulating this chakra through this asana is thought to foster inner acceptance, while also promoting focus and productivity.
The simplicity of baddha konasana creates a peaceful place to enter into meditations that involve matching the breath with movements of the legs (if bouncing) or allowing for slow, deep, relaxed breaths if folded in a forward bend. This asana can also assist in one's final inward reflection when used at the end of a spiritual yoga practice.
In another variation of this asana, known as supta baddha konasana, the body leans back into a reclining position.