Coconut oil differs from other saturated fats in that it is high in medium-chain essential fatty acids or MFAs. These substances speed up the metabolism and are quickly converted into energy, which can help shed unwanted pounds. In the kitchen, coconut oil is beneficial to health. It is a perfect substitute for margarine or can be used to cook food. It does not increase cholesterol in the blood. This vegetable oil also seems to be better tolerated by diabetics than other table oils.