“…The intention to thoroughly analyze the influence of in‐plane frustration on the magnetic properties of the system is corroborated by the fact that frustration is strongly pronounced in 2D quantum magnets, [ 17,18 ] though it is often not taken into account. [ 5,6,8 ] Our earlier results [ 19–22 ] also suggest that the model with the NNN interaction gives predictions in better agreement with the experimental data. Besides the aforementioned, the choice of the dominant interactions is supported by the fact that these interactions, especially NN, NNN, and DM interaction, but also spin anisotropy to a lesser extent, show a distinctive pressure dependence, [ 23,24 ] enabling one to affect the phase transition temperature by applying high pressures on the system.…”