Here is a website which will just about tell you everything you want to know about this glue.
http://www.cyanoacrylate.org/
Although there are several other glues you can use to build r/c model airplanes, I can't think of anything that can surpass it's cure time and eaze of use. There are about 3 different thicknesses to cover just about whatever need you may have.
I use CA on just about everything except when epoxy or foam friendly glues are necessary.