There are some times when a latex primer just won't do the job right. A lot of people still smoke. The wall can be covered with smoke build up, residue. Trying to scrub all of this off the walls would take a long time and you might simply, give up.
Latex primers are not designed to handle smoke damage. The stains will bleed through the waterbased primer, then bleed through the final finish.
BIN primer is white pigmented, shellac based product, cut with alcohol. It dries in minutes and ready to cover with a paint finish in minutes. It is a miracle cure for smoke damaged walls and moldings.
It smells and is toxic. You should ventilate the working area, as you work with BIN. Also, you must keep stirring the primer as you work with it, otherwise it tends to settle at the bottom of the can.
Beyond the hassle and smell, BIN is one of the few products on the market that will cover, bleed through stains and hold them. It is sticky, tough and very durable.
Bin is also used to prime furniture and woodwork for painting. It is a tougher material than any of the latex variety of multi-purpose primers on the market.
If you will be using BIN for a few projects, pick up some denatured alcohol to cut the BIN with, should some of the primer begin to evaporate, from the can.