Guaiac wood, also known as guayacan or lignum vitae, is a prized and highly sought-after wood due to its unique fragrance and durable qualities. The wood, which is used in various industries including perfume and medicine, is known for its earthy, balsamic and slightly sweet scent. Its distinct aroma has led to synonyms such as palo santo, holy wood, and lignum vitae, which translate to "wood of life". Another common synonym for guaiac wood is guaiacum officinale, which is the scientific name for the tree species from which the wood is sourced. Its popularity and versatility has ensured that it remains a prized material in today's modern world.