I found a solution. I'm not sure what levels your trying to go through but here was my problem - I needed to locate the logo of a company for each material being listed in a certain 'bill of materials'. This required me to go down three entities.
Original formula that resulted in error:
ThisItem.'Required Material 1'.Vendor.'Vendor Logo'
Solution that worked:
LookUp('Raw Materials', Name = ThisItem.'Required Material 1'.Name).Vendor.'Vendor Logo'
Where
'Raw Materials' is the source of the search,
'Name' is the column to match with the 'Required Material' column as a condition to evaluate rows,
'Vendor' searches the related table,
'Vendor Logo' gets me the final record I need. Hope this helps!