The search for flat-band solid-state realizations is a crucial issue to verify or to challenge theoretical predictions for quantum many-body flat-band systems. For frustrated quantum magnets flat bands lead to various unconventional properties related to the existence of localized many-magnon states. The recently synthesized magnetic compound Ba$_2$CoSi$_2$O$_6$Cl$_2$ seems to be an almost perfect candidate to observe these features in experiments. We develop a theory for Ba$_2$CoSi$_2$O$_6$Cl$_2$ by adapting the localized-magnon concept to this compound. We first show that our theory describes the known experimental facts and then we propose new experimental studies to detect a field-driven phase transition related to a Wigner-crystal-like ordering of localized magnons at low temperatures.