The optimal number of passes/IRs depends heavily on what language is being compiled. Some languages naturally warrant this kind of an architecture that would involve a lot of passes.
Compiling Scheme for instance would naturally entail several passes. It could look something like the following:
Lexer -> Parser -> Macro Expander -> Alpha Renaming -> Core AST (Lowering) -> CPS Transform -> Beta / Eta Reduction -> Closure Conversion -> Codegen