History and significance:
The wood of the tree is used for making paper and furniture. The nuts are a good source of food for wildlife. The nuts also were gathered by people and sold for income in the past.
The fruit of the tree is also the namesake for the Beech-Nut food company, founded in New York in 1891. The company's early products were ham, bacon, peanut butter, jam, pork and beans, ketchup, chili sauce, mustard, spaghetti, macaroni, marmalade, caramel, fruit drops, mints, chewing gum, coffee and baby food.