The scientific name of this tree comes from tipú, name given in his native Brazil. It is now used as a shade tree in streets and parks of many cities, largely thanks to the work of acclimatization conducted by landscape architect Carlos Thays (1849-1934).
Parisian based in Argentina, where he did most of his work, Thays was a landscape of scientific spirit, scholar of South American indigenous flora, who liked to experiment with plants; however his work with yerba mate was crucial for the industrialization the cultivation of this plant, from which one of the most popular beverages in the Southern Cone is obtained. He was one of the main promoters, besides from the Iguazu National Park, famous for its spectacular waterfalls, of the Botanic Garden of Buenos Aires, where he managed to acclimate many of the species he studied and photographed in their jungle tours, such as the rosewood, tree which he considered great, useful and ideal for not very cold cities. Thus, Thays fostered landscape architects, like the Brazilian Roberto Burle Marx, concerned about how to 'tame' species of local flora and then incorporate them into his designs of urban parks. Once used successfully in Argentina and America, trees like the rosewood would decorate and enrich the botanical palette of European cities with similar climatic conditions such as Seville, especially after 1929 because of the Ibero-American Exposition.