The park lies within the Orange subregion of the South Eastern Highlands Bioregion. Owing to its high altitude the park contains one of the few subalpine areas in the Central West. Its isolation from other similar formations has enabled the evolution of unique plants and animals, distinct from similar species in other parts of New South Wales. The altitudinal range of the park means that it is likely to become increasingly important as a refuge for plant and animal species responding to climate change and associated extreme climatic events.
Mount Canobolas is one of the most significant nature-based attractions in the NSW Central West and the most significant in the Orange area. It has long been used for recreation by the people of Orange.
Orange City Council have proposed a significant mountain biking development for the park and surrounding lands. Their proposal includes some 63 kilometres of single-track in the park and a track head offering facilities such as a café or kiosk and toilets, and services such as bike hire, transport shuttles and visitor information. A further 54 kilometres of single-track is proposed in the lands adjoining the park, principally in Canobolas and Glenwood state forests. The draft plan enables further planning and assessment work for this project, and if approved, for the construction and maintenance of single-track and associated facilities.