The fruit of the tree is the most utilized nut in the world. It is one of the most useful trees in the world and is often referred to as the "tree of life". It provides food, fuel, cosmetics, folk medicine, and building materials, among many other uses. It is believed to be an auspicious fruit and used in many rituals on pious occasions. Coconut is offered to deities in Hindu temples across the globe. It is a symbol of prosperity.