Despite being a saturated fat, nutritional scientists have discovered that virgin coconut oil is used to make energy rather than being converted into fat. It's quick to absorb, places less strain on the pancreas, liver and digestive system and helps to speed up the metabolism assisting those with thyroid dysfunction.Another benefit to using coconut oil in cooking is in it's stability; unlike vegetable oils, coconut oil has a high smoke point and is more resistant to rancidity. Other health benefits include lowering cholesterol, reducing inflammation in the digestive tract to ease symptoms of IBS and Crohn's disease and possessing anti viral and any bacterial properties.At the end of the day, if it's weight loss you desire, the bottom line is that the energy intake in food must be less that the output (BMR) + energy expended. As part of a balanced healthy diet, with exercise, coconut oil may assist those with a slow metabolism but it's unlikely to be of any benefit if overall eating habits do not change.
See: 4 Best Uses of Coconut Oil.