I mainly use it as a liquid putty to fill small holes and hairline cracks.
I consider it an essential tool for my model building.
One major complaint I have is you don't have much time to work with it. The liquid in the bottle starts developing a surface film within about a minute of leaving it open and becomes very gummy/stringy.
What ever you use to apply it, small brush, toothpick, also starts to get gummed up.
I've had to add thinner to the bottle because it turned into a "honeylike" paste after sitting on the shelf. Make sure there isn't any dried putty on the inner lid, rim of the bottle, or threads of the cap.