You know you're an LTHer when ... you wake up in the morning thinking about mrbarolo's problem with his past-prime chardonnay.
Count me among those who think if you're not inclined to drink it now, you won't much care for it in a concentrated reduction.
But my thoughts upon waking this morning ran along the same lines as Cathy's -- some flavor elements dissolve in water, some in oil, some in alcohol. I frequently make sure to have some oil, some water, and some alcohol in whatever sauce or stew or soup I'm making, just to make sure I get the flavors that each one is capable of maximizing.
So to use an alcohol that you're not particularly keen to drink straight, I'd suggest adding some of it to a fairly strongly flavored soup or stew or sauce -- e.g., bolognese sauce, or coq au vin sauce -- something where you'll get the benefit of the alcohol bringing some additional flavor out without the chardonnay's flavor itself being noticeable.
Just a thought.
"Your swimming suit matches your eyes, you hold your nose before diving, loving you has made me bananas!"