I use it to cook with and give it to my dogs with great results. Here's the Whole Dog Journal article that made me give it a try Crazy About Coconut Oil. It works better than fish or salmon oil for my three and it does help with doggy odor if you feed a large enough dose. My wire haired galgo is kinda doggy smelling without it, but with it he's odor free.
I usually order mine from Vitacost.