Here's how I use it:
Baking, melt it first (some things, like cookies, are best IMO with 50% CO and 50% butter rather than 100% CO)
Smoothies
Cooking any and everything (eggs, veggies, meats, etc.)
Fried potatoes are divine in CO (probably not very healthy, but hey, it uses CO!)
Granola
Granola bars
I have made something like a coconut/peanut butter/chocolate ball-y bar-y sort of thing. It was way to rich for my tastes, although DH and my friend's DH loved them.