Here’s an interesting article that touches on some of the benefits, allegedly contains many known and uncharacterized plant growth regulators (PGRs or phytohormones) - potentially viable alternative to commercial fertilizer and can be used to help with rooting new clones/propagation:
may be somewhat of an advertorial but interesting info that can be investigated further through references:
*International Journal of Science and Research (IJSR) ISSN (Online): 2319-7064 Index Copernicus Value (2015): 78.96 | Impact Factor (2015): 6.391
**A. Baque, Y. Shin, T. Elshmari , E. Lee, K. Paek, Effect of light quality, sucrose and coconut water concentration on the microporpagation of Calanthe hybrids (‘Bukduseong’ × ‘Hyesung’ and ‘Chunkwang’ × ‘Hyesung’) Md. Australian Journal of Crop Science
***Yong, Jean & Ge, Liya & Tan, Swee. (2011). THE COMPOSITION OF PLANT GROWTH REGULATORS IN COCONUT (COCOS NUCIFERA L.) WATER. 38th Plant Growth Regulation Society of America (2011) annual conference, At Chicago, USA.
****R. M Roldan (1995) Liquid fertilizer formulated from coconut water: its effect on the growth and yield of pechay and on soil properties, Centro Escolar Univ., Manila, Philippines…
*****J.N. Buah and P. Agu-Asare, 2014. Coconut Water from Fresh and Dry Fruits as an Alternative to BAP in the in vitro Culture of Dwarf Cavendish Banana. Journal of Biological Sciences, 14: 521-526.
******O. A. Ibironke (2017) Response of Selected Ornamentals to Rooting Hormone in Different Propagating Media, Department of Crop, Soil and Pest Management, the Federal University of Technology, P.M.B 704 Akure, Ondo State, Nigeria.