That motor is useable at 208V. It will run at higher current and have lower starting/peak torque. At rated voltage and rated torque, it will operate at 1760 RPM. At 208V if you run it at full rated torque, I'd expect it to operate between 1750 and 1755 RPM (a tiny bit slower). You won't be able to take advantage of the motor 'service factor', and you will need to be careful that the voltage doesn't fall much below 208V.
If the motor is being lightly loaded (say operating at 0.5-1Hp rather than the full 2Hp), then the motor might actually be slightly more efficient than being run at 230V.