Apart from using two different Eq's on two identical tracks for some stereo separation i don't see any use for this.
I don't even know what parallel eq would mean. If you think about it,
a concept like this would not really make sense.
edit:
Just read this:
This technique is really cool. Let’s say you’ve created a frequency pocket where your vocals can really live clearly. If your mix is dense, simple EQ might not be enough to get the vocal to really stand out without making the vocal sound strange. A common technique here is to create a parallel vocal signal, and EQ it so that primary frequency range is focused on.
It might be a presence thing, 2k-4k. It might be a treble thing. It might be that tricky “body” range around 400-600hz. Whatever it is, you contour your EQ to really exaggerate that zone and then compress the EQ’d signal.
How you compress it would also depend on context. Maybe you want to preserve a “round full” tone — so a softer knee/gentler compression might be the way to go. Ultimately you make a context decision.
But no need to be easy on the effect! Since it’s parallel, you can blend it back in however much you want.
The end result of the EQ -> Compression chain is that the selected frequency area stays more consistent in the vocal, which gives the vocal more presence in that pocket you created.
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Makes a little more sense now. Still nothing, that i seem to need in my toolbelt.