Genus Myroxylon, commonly known as the Balsam or Tolu tree, possesses numerous synonyms in the plant kingdom. Some of the significant synonyms for the genus include Toluifera, Myrospermum, and Tolua. The Toluifera genus refers to the presence of Tolu balsam, which is a resin material extracted from the bark of the tree. Similarly, the Myrospermum genus refers to the tree's ability to produce fragrant resins. Other less commonly used synonyms for the genus include Myroxylon balsamum and Myroxylon peruiferum. The tree is primarily found in tropical regions, and different parts of the tree exhibit traditional medicinal properties. The tree also has various commercial and industrial applications for pharmaceuticals, perfumes, and flavorings.