Tell us how you'd use it to answer the OPs questions.
At this point in the thread, the concern is finish and glue squeeze out. With waxilit used at the areas of glue joinery and on the surfaces that is to be finished (after assembly), the excess glue peels right off and the waxilit is easily removed before finish is applied.
It can also be used in reverse. In other words, applied to areas where glue is to be desired, apply waxilit where you don't want finish, then apply finish, then remove the waxilit and do the glue up.