An immobilized Co (II) Schiff base complex supported on multi‐wall carbon nanotubes was synthesized and characterized using Fourier transform infrared spectroscopy, X‐ray diffraction, scanning electron microscopy, http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&cad=rja&uact=8&ved=0CDoQFjAI&url=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FEnergy-dispersive_X-ray_spectroscopy&ei=8whJVfW_KMv4UJvQgOAH&usg=AFQjCNGukh_d_Co5x-jjjV9UjtGctkEYiA&sig2=ZreZksv_Yb7i3fliKYAfjg&bvm=bv.92291466,d.bGQ, thermogravimetric analysis and inductively coupled plasma mass spectrometry. It was shown that the supported complex is a facile, eco‐friendly, recyclable, reusable and green catalyst for three‐component condensation of 2‐naphthol and acetamide with various aldehydes for the synthesis of 1‐amidoalkyl‐2‐naphthol derivatives under solvent‐free conditions. Also, in a further study, the catalytic application was studied in the synthesis of tetrahydrobenzo[b]pyran derivatives via the condensation reaction of malononitrile and dimedone with several aromatic aldehydes. The procedures suggested here for the synthesis of 1‐amidoalkyl‐2‐naphthol and tetrahydrobenzo[b]pyran derivatives offer several advantages, such as stability, recyclability and eco‐friendliness of the catalyst, simple experimental conditions, short reaction times, high to excellent yields and easy work‐up.