Mulateiro is widely used in tribal and herbal medicines throughout Amazonia. It was used to treat cuts as well as used for anti-aging affects. It is used by Peruvian tribes as an antifungal medicine and to remove skin parasites such as the "sarna negra" bug. The bark contains a great deal of the chemical tannin, which is an astringent and has a drying effect. Recent studies are helping to prove this plant's chemicals having antifungal, antibacterial, and insecticidal activities. Indigenous communities of the rainforest are not the only ones currently using Mulateiro. It has most recently been approved by the European Union and employed as an ingredient in cosmetics. It can currently be found in lotions where it is mixed with Acai and Rosewood and as an extract to soothe skin.