Not sure, but I'll take a shot at the answer:
Shotgun
Line 1:
shot + gun
Title + Hint 3:
With no 't' - the symbol of time - in the answer, we get shogun: Shoguns were military dictators appointed by the emperor in Japan, but became de facto rulers over time.
Hint 1 + Lines 2 and 5:
A "gun" such as a soldering gun is an applicator of sorts.
But not clear to me how it relates to lines 2 and 5.
Hint 2 + Lines 3 and 4:
Line 3: Taking a shot means taking a chance.
Line 4: no idea; relatedRelated to a shot of liquor, perhaps?
Hint 4:
No idea ... There's a film titled "Loves Her Gun"
There's a film titled "Loves Her Gun" (hadn't heard of it before)
EDIT (hadn't heardwith the help of it beforeOP and Wikipedia): Calamity Jane was a gunslinger, and also appears in Lucky Luke
Hint 5:
Shotgun fire spreads out (by different amounts depending on the type of shotgun)
Hint 6:
Evidently more dangerous at closer range before the shot spreads
Line 6:
Guns are a sign of battle