Have not used it, but I would imagine it would be fine for a perforated coated leather. Most leather has perforation of some sort, or at least stitching.
From CarPro's product description page:
Avoid use on white finishes
Directions:
Thoroughly clean all dirt, moisture, and oils from surface with non-oily, interior safe cleaner - (Recommended Ultima Interior Shampoo Gel)
Wipe with a water damp towel to remove residue from your cleaner if needed
Pour at least 10 drops or one small strip onto the suede wrapped applicator
Work CQuartz Leather & Vinyl into the surface including all creases, and texture
Gently wipe off any excess within 2-3 minutes
May layer after 30 minutes from start of the first application
Touch dry after 10 min / Avoid water for 4 hours / Fully cured at 3 days
Edit: Or listen to someone who has used it like below.
Maybe try to be cautious not to over apply if that's all you have on hand