Yes, MCT does promote ketogenesis it seems. Apparently there are also powdered forms that seem to be more easily tolerated than the oil (mixes well in drinks). You can also now buy exogenous ketones (not the raspberrry "ketones" diet food junk, but the real stuff). I've heard some people say the exogenous ketones do help suppress appetite. Haven't tried them myself, so can't speak from experience.
I've used MCT a few times when I was experimenting with bulletproof coffee but coffee and I don't get along. Also used it in versions of bulletproof hot chocolate. I use it for cooking eggs from time to time. I find it more palatable than coconut oil - have never really liked the taste of that stuff and the more I try to eat it, the less I like it, so have given up on it.