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Coconut oil is high in MCTs, a type of fat that your body metabolizes differently than most other fats. MCTs are responsible for many of the health benefits of coconut oil. Coconut oil is incredibly popular â and for good reason. It offers many health benefits, has a delicate taste, and is widely available. It's also an extremely versatile oil with a number of uses you may not be aware of. The unique combination of fatty acids in coconut oil may have positive effects on your health, such as boosting fat loss, heart health, and brain function. Here are 10 evidence-based health benefits of coconut oil.