Basically this is liquid celluloid. You can use it to make coil forms and as Q-Dope.
I wrapped a paper towel around a paper tube and coated it with the dope. After two or three coats I have the form for my next coil.
I have used the Q-Dope and it is good stuff BUT it is MEK based. Many years ago MEK was banded from my work place as a health hazard. The home brew using acetone is a safer compound. ( I don't see the warnings on the label for the polish remover.) The balls are 75% cello and 25% camphor. It seems the camphor is the most hazardous part of the mix. I rub Mentholatum on my skin to ease sore muscles and stuffy head. It is 9% camphor?
Anyway you can dissolve the balls and paint the solution on a coil. Let it dry and your coil is plastic coated. Make a paper core and paint it with the mix and when it drys you have a coil form. ( this may take a few coats.)
It's about the journey. Enjoy the trip.