Currently we couldn't find a possible use for the explosive cones, except it might be used in alchemy.

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This large tree grows in the Inferno Meadow

1. Leaves
While the tree itself is immune to fire, the leaves can be grounded into powder and, mix with some sugar, to be used as fuel for fire that lasts a very long time, said powder can be also used as chili powder substitute.

2. Pine cone
The middle section of the tree grows pine cones that houses it's seeds. These cones should be avoided, as they are explosive.

Spark flies also lives among the pines in swarm, so bringing a fire extinguisher is imperative.

Assessment: Valuable leaves, watch out for cones and Spark flies