The main thing you need to know about olive oil is that it should not be cooked on higher temperature, as the oil loses its taste. The best thing you can do with this extra virgin olive oil is that it can be used as one the ingredients in the salad dressings, it can be used in cold salads as well. Extra virgin olive oil is different from pure olive oil it can be used only in salads and dressings, the reason is that it loses its taste when you cook this oil on high temperature(This can be used for sautéing purpose).You can use this oil on baked potato or mashed potato instead of butter. Extra virgin olive oil taste great on cooked vegetables or brushed onto fish or meat before serving(grilled meat, kebabs or fish).the health benefits it can give it gives you active lifestyle, contains good cholesterol which is good for your heart. Taste good when not cooked. Sometimes this olive oil can also be used in pickles.