Coconut is a fruit not a nut and originates from palms. It is highly versatile. Like other fruits, it has three layers: the exocarp, mesocarp and endocarp. Shredded coconut meat is sourced from the inside of the coconut as it matures. Raw coconut meat supplies a high amount of fat, mainly saturated with high levels of mono-unsaturates and essential fatty acids; lauric acid. Micro-nutrients found in significant quantity include; manganese, phosphorus, calcium, potassium and magnesium.
Another byproduct of the coconut is coconut oil. Commonly used in cooking. It can be used in liquid form as you would with olive oil, or in solid form as you would butter or lard.