Precat is the finish high end cabinetmakers use for kitchen cabinets and other casework.
When the catalyst is mixed with the lacquer, the pot life is generally considered one year or maybe a little less. That can mean that the lacquer turns to goo or the lacquer is no longer the durable coating wanted.
Usually three coats can be sprayed on in a work day and dry enough to handle the next day. While the finish is dry to the touch and can be sanded, it is not yet completely hardened (set, polymerized,). It takes about a week or 10 days for that to chemical process occur.
The curing of polyurethane is much the same chemical reaction to the air.
When doing bowls, I'll often finish sand what I can then rub on a thin coat of lacquer to the inside. I'll remove the bowl from the chuck and use the vacuum chuck for finishing the outside and foot. Wood is porous so without the inside coating, the vacuum chuck doesn't hold as well as I would like.
Its a time sensitive process but the results are well worth it for finish durability.
Once I feel the finish has cured, back on the vacuum chuck to do a final sand and polish of the finish.