Just to be clear, you'll have to agree and comply to all of the terms of the license agreement to use Monkey's Audio in your own product. The source code for all compression, decompress, and tagging is also freely available and included in the SDK. It can also perform more complex actions like on-the-fly encoding, decompression (the SDK manages all buffering so you don't have to), analyzing APE files, and APE tagging. The Monkey's Audio SDK allows you to easily compress, decompress, verify, and convert whole files.
The goal is to make it as simple as possible to incorporate the compression technology of Monkey's Audio into other software.