(image from Monin.com ) I Tried Monin Toasted Coconut Syrup in Coffee and Cocktails. Here’s What It’s Actually Good For. I kept seeing toasted coconut syrup pop up everywhere, café menus, cocktail recipes, even “flavor of the year” lists. Most of the photos showed martinis and tropical drinks, so naturally I wondered: Is toasted coconut syrup really for coffee, or is it just another cocktail-only flavor? So I tested it properly. Over several days, I tried toasted coconut syr