The global production of coconut, mainly for food and oil production, exceeds 62 million tonnes per annum. Large quantities of coconut husk remain unutilized after industrial processing, giving rise to environmental problems. This fails to exploit the potential presented by the extraction of coir, which could have numerous applications. Traditional products such as textiles, mats, and brushes made from coir are increasingly being joined by new, high-value, non-traditional uses. This review article summarizes new fields of application for coir as reinforcing fibers in binderless fiberboards, natural fiber composites, construction materials, solid biofuels, and an absorbent for heavy metals and toxic materials. The use of coir in these new fields will reduce waste and increase sustainability.