Loctite usually makes things for more industrial applications. Not sewing. I looked this adhesive up on their website. It said "Temporary or repositional bonding" which sounds good, but it also said "dries clear and will not yellow with age" which seems like it's not going to wash out. I'd try it on some scrap fabric first and see if it washes out and how it makes the fabric feel after it dries.
Some of the uses it lists for it would also suggest that it's a permanent glue.