Ornamentally Turned Objects
This is an excellent wood for ornamental turning, though it is less used as it has natural beauty, and the ornamentation could easily become gaudy.
It is quite hard (Janka hardness = 19,510 N), but the oiliness helps to not have to resharpen often. That hardness enables it to hold shapes very well. It has a natural beauty, but in a simple kind of way that allows for the ornamental turning cuts to show well.
Ornamental Turning Notes
This wood is hard to find, so making a prototype with a less expensive wood is recommended.
Finishing is probably not necessary due to the inherent oils. If you do choose to finish it, take this into account. As noted, you should test the finish on an unnecessary piece.
More information is in The Wood Database.