Carob is used for diarrhea, diabetes, prediabetes, persistent heartburn, obesity, athletic performance, and high cholesterol, but there is no good scientific evidence to support these uses. In foods and beverages, carob is used as a flavoring agent and as a chocolate substitute. Carob beans may be carried or worn to bolster the health and to guard against evil. It is believed anyone who carries a seedpod will be blessed with great wealth; something to think about if you're planning to buy a lottery ticket! If you wish to string the seeds as beads on a necklace, soak them first to soften them.