We strung bundles of cayenne peppers to keep the kitchen colorful and our CSA members warmed this winter. Our members should hang them to finish drying and then use them as you see fit. You can crush them and use them as hot chili flakes, include them in a pickling recipe for added bite(I like to do this) or hit the internet for other ideas. There are many health claims out there about the curing powers of cayenne but you'll have to do further research on this.
Here's an interesting recipe with good reviews for Fettucine with red peppers and cayenne sauce.