Because of it's low glycemic index, it is often cooked into diabetic foods.
Wattleseed has also recently been shown to be a good source of selenium and iron so it is particularly recommended as a dietary inclusion for males. Additionally, work is underway on using carbon dioxide to extract a range of compounds from a number of different species of Acacias for their functionality. This includes anti-cancer activity (some compounds turn on the cell-death program that cancer cells lose) and anti-inflammatory action. There's some history about the development of Wattleseed at http://www.cherikoff.net/cherikoff/index.php?id=146