Otocinclus mimulus is scientifically notable as one of the few documented examples of Batesian mimicry among freshwater catfishes. It closely resembles the distantly related Corydoras nattereri in body shape and coloration — both species display a blue-grey body with a bold dark lateral stripe — and the two co-occur in coastal Atlantic Forest river drainages of southeastern Brazil. The mimicry is believed to afford O. mimulus protection by association with the mildly toxic Corydoras.
In ecological terms, O. mimulus inhabits clear-water streams with moderate flow, dense riparian vegetation, and substrates of sand, fine gravel, and leaf litter. It feeds on periphyton, biofilm, and soft algae, and is typically found in loose schools moving over plant leaves and smooth substrate. Its small size — rarely exceeding 3.5 cm — and slender profile make it one of the more delicate Otocinclus species.
In the aquarium, O. mimulus is best appreciated in a setup that echoes its coastal Brazilian habitat — clear, soft to moderately hard water, good filtration, and the company of corydoras. While it is not commonly available, its scientific interest and effective algae-cleaning behaviour make it a prized addition for knowledgeable hobbyists. Like all otocinclus, it requires group housing and a reliable supply of biofilm or supplemental vegetable matter.