Softens and preserves leather on many applications. We used to use it for assembly of the old brake airpack main seal on the M135 deuce.
I have used it to soften leather for old holsters or pouches. It will substantially darken the leather, but once soaked in softens the worst cases in a day or two. However, it does not repair cracks, so use some moderation when checking to see how dry that strap or pouch is before apllying the neatsfoot.
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