Yes, it's great for filling in chips. The trick is to not just blob on the touch up paint and then use Langka to get all the excess, that just scratches up a larger area. Use a toothpick or very fine paintbrush from an art supply place to fill in the chip without going outside the edge of the chip. You will need several thin coats to build it up a little higher than the original paint, and then use Langka to smooth it out. I found it works best to use a t-shirt or other flat cloth (terry or MF will leave a texture) wrapped around my drivers license to be sure you don't create a dent with your finger. Like most touch-ups, it won't be perfect but it will be difficult to see from more than 3 feet away or so.
Surface prep is critical, so remove any trace or wax/polish with some rubbing alcohol, sand inside the chip (tiny piece of sandpaper glued to an eraser tip works well), and prime if the chip went through the primer.
It's very time consuming to do lots of chips this way, but if you just want to fix chips on your cas as they occur, this is great.
I've fixed a few very prominent chips for some customers with Langka if they had touch up paint with them or it was a white or black I could match.