A ceiling, not a tone control
A limiter is a compressor with an extreme ratio acting only at the top of the range: below the ceiling the audio passes through untouched, and above it nothing gets out. That is what makes it a safety device rather than a sound-shaping one. It should engage occasionally, on genuine peaks, not continuously — a limiter working all the time is doing a compressor’s job badly, flattening the material and adding audible pumping. If it is always active, lower the level going in or compress properly first.