It is a highly prized plant in gardening for its spectacular deep red blooms, and is widely used as an ornamental plant in streets, squares and other public spaces in tropical and subtropical areas around the world. Although in some places, such as southern Florida, it has become an invasive exotic species, due to its rapid growth and ability to spread in these hot, humid climates.

Its branches have been used as cattle feed in some parts of Colombia. In Mexico, the macerated bark is used to alleviate joint pains, and its flowers are cooked to alleviate respiratory problems such as asthma and coughs.
Its seeds are toxic, and ingestion can cause palpitations and unconsciousness. They are also toxic to dogs and cats, causing gastrointestinal discomfort.

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