Don't use it too soon. Do some tests first. Take a pen blank size (or half size) and put it in a jar of water for two or three days. That will be overkill, but it will give you an idea of the color leaching out. When in contact with food without the right sealing, something similar can happen. And when washed.
I say this because Bloodwood leached (bled out) immediately and considerably when I tried acrylic/acetone finish directly to it last year. I know you are not using that finish, but the point is that very few woods leach or bleed onto others very easily, but BW does. So a good sealing finish and lots of cure time are needed. Experiment with finishes and small pieces of BW first.
One other note: While it may not be significant, amber colored finishes will turn BW from a bright red to a very slight burnt red. If there is no comparison, you probably won't notice the difference, but if you put it beside unfinished or CA/Lacquer finished BW, it will look slightly burnt red in comparison.
BTW, I am jealous of you having a large piece of BW like that! BW and Holly are my absolute favorites, and I have a bunch of favorites! :biggrin: