It is a native tree to Minnesota's deciduous woods and according to the USDA Plant Database much of the eastern United States & Canada. It is considered a large shrub or small tree reaching a height of about 15 feet so it can be used in the landscape as a very nice small ornamental tree.
The Wahoo Tree (sometimes called Burning Bush) is related to the non-native and invasive Euonymus alatus or Winged Burning Bush.
Trees and Shrubs of Minnesota, the most favorable conditions for the Wahoo Tree are under a thin canopy or in patchy shade along the edge of woods. He also writes that the seeds are spread widely by birds that feed on the fruit.
For more photos of what's in bloom in our yard right now, check out the In Bloom page.