It's used for chipping effects .
It acts like a bond breaker ,
You first spray the hairspray on and then the color coat atop that .
When you get that compound film wet , or damp , the hairspray loses adhesion -- it's a similar acrylic to what's used on decals that swells and loses adhesion when wetted -- and it debonds and takes the color coat with it .
You can control the amount of delamination with the amount of wetting and rubbing with a swab , toothbrush etc