There are different kinds of lacquer. The most common is a nitrocellulose lacquer. It is the easiest and least expensive to use. The down side is that it tends to yellow over time and isn't water resistant. It would work fine for furniture and projects but you would have to be very careful to use coasters on table tops as sweaty glasses will lift the finish from repeated exposure. A lacquer sanding sealer is used with this type of lacquer that builds fast and sands easy. Another lacquer is a pre-catalyzed lacquer. It is more durable and is more water resistant and doesn't yellow over time. You would use a vinyl sealer with this lacquer. Finally there are fully catalyzed lacquer. It is the most durable and water resistant. You would use a vinyl sealer that it also. I use either Gemini, Sherwin Williams or Mohawk Finishing Products lacquers.