This fungus is a popular edible mushroom and is said to taste very much like Red Meat and thus the name. Though many argue that the taste is sour, it still remains a popular edible fungus. It is one of only a handful of wilod mushrooms that can be eaten raw withoutmuch worry.
Before the chestnut blight wiped out most of the chestnut trees in eastern North American forests, this fungus was much more common. The fungus seems to require large chestnut trees in order to fruit.
1)As an Antioxidizing agent:
F. hepatica is one of the very few mushrooms or the only mushroom that has been extensively investigated for its capacity to act as a free-radical scavenger or antioxidant(Ribeiro et al., 2007).
A set of Scientific studies and experiments by an Italian scientist, Coletto has divulged some astonishing results and data that F. hepatica possesses a very potent antibacterial activity against various pathogenic bacteria like Escherichia coli, Staphylococcus aureus, Bacillus subtilis (Coletto 1981, 1987/88), and Klebsiella pneumoniae (Coletto, 1992).
There was another research that claimed that the antibacterial activity of some metabolites of F. hepatica were comparable to Cepahlosporin.
The wood that is infected by this fungus is highly coveted by many furniture and cabinet makers. They refer to the wood as “Brown oak” due to the rich colour that the fungus imparts to the heartwood. The colour is due to the strong carbonizing activity of the fungus. The wood is used to make high-end furniture and some architectural master pieces.