What is the best method for applying wood leveling compound to achieve a smooth and even surface?

The best method for applying wood leveling compound to achieve a smooth and even surface is to first prepare the wood surface by cleaning and sanding it. Then, mix the leveling compound according to the manufacturer's instructions and apply it evenly using a trowel or putty knife. Work in small sections and make sure to follow the recommended drying time before sanding and finishing the surface for a smooth result.