In a large bowl, beat the butter, powdered sugar, and salt with an electric mixer on medium speed, until smooth and light in color. Beat in the extracts and coconut flakes until well combined. On low speed beat in the flour, just until combined.
Form the dough into 2 disks. Wrap with plastic wrap and refrigerate for 2 hours or up to overnight.
Line 2 large baking sheets with parchment paper. On a lightly floured surface, roll the dough to a scant 1/4-inch (.6cm) thick. Cut out the cookies using a 3-inch (7.6cm) bunny cookie cutter. If you don't have a cookie cutter you can use the provided pattern and cut the cookies out with a small paring knife. Place the cut cookies about 2 inches (5cm) apart onto the prepared baking sheets. Freeze the cookies for 10 minutes.
Meanwhile, preheat the oven to 350ºF (180ºC). Bake the cookies until set and light golden, about 9-11 minutes. Let the cookies cool on the baking sheet for 2 minutes, then transfer them to a cooling rack to cool completely.