We explore the prospects of phase-modulated optical nonreciprocity and enhanced ground-state cooling of a mechanical resonator for the reversed-dissipation system, where the dissipative coupling between two cavities is realized through the adiabatic elimination of a low-Q mechanical mode, while a high-Q mechanical mode interacts with two mutually coupled cavities, forming a closed-loop structure. This unique system facilitates the nontrivial phenomenon of optomechanically induced transparency (OMIT), which exhibits asymmetry due to the frequency shift effect. We also observe the emergence of parity-dependent unidirectional OMIT windows (appearing under the phase-matching condition), which can be dynamically modulated by both the phase factors and the strength of the dissipative coupling. Furthermore, our study delves into the ground-state cooling effect operating within the reversed-dissipation regime. Intriguingly, the cooling effect can be significantly enhanced by carefully engineering dissipative complex coupling, such as in the phase-matching condition. The potential applications of this scheme extend to the fabrication of ideal optical isolators in optical communication systems and the manipulation of macroscopic mechanical resonators at the quantum level, presenting exciting opportunities in quantum technologies.