In a marine aquarium we are trying to maintain a high pH, around ~8.0 - 8.2.
Injecting CO2 into water spontaneously forms carbonic acid, which lowers pH.
In a calcium reactor this is used in a unique process, with the following steps-
1- CO2 forms carbonic acid (drops pH)
2- carbonic acid dissolves calcium carbonate, producing calcium ions & bicarbonate
3- bicarbonate released increases alkalinity (buffering) which raises pH. The calcium ions return to the aquarium, available to organisms/corals.
With calcium reactors you can get away with using the CO2, because the bicarbonate released offsets what the carbonic acid does initially.
Using CO2 by itself is a one way pH change (down).