The tree is cultivated in Brazil. The palm hearts are edible and are sold commercially. The fruit is used to make various drinks and delicious sorbets. In Amazonia, people say that anyone who eats the fruit of this palm will come back to the region. The tree can produce 36 kg of fruit a year. Studies on the economic potential of this palm should lead to better management of plantations.
Its roots are used to treat jaundice, its seeds to ease fever, and its fruit to cure intestinal problems.
The trunk, when dried, becomes very hard and resistant to insects. It is used in construction. The leaves are used as roofing.
The tree is also used as an ornamental plant, because of its gracious bearing.