It may have its place in modelling! (10)

I believe the answer is:

plasticine

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'it may' is the definition.
The definition suggests a singular noun which matches the answer.

'its place in modelling' is the wordplay.
'modelling' is an anagram indicator.
'its'+'place'+'in'='itsplacein'
'itsplacein' anagrammed gives 'PLASTICINE'.

'have' is the link.

Can you help me to learn more?

(Other definitions for plasticine that I've seen before include "Modelling clay" , "substance used by modellers" .)

I've seen this clue in The Telegraph.

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