Coconut is one of the most useful trees in the world, and is also known as the “tree of life”. It provides food, fuel, cosmetics, folk medicine and building materials, among many other uses. Coconut oil is rich in fatty acids and antioxidants that help prevent aging and damage to your skin and hair. It also has antibacterial and antifungal properties that help keep your skin healthy and fight skin allergies and yeast infections.