An anchoring tool to position an attached tool, such as a chemical cutter or other tools, in a predetermined position within the bore of a tubular. After the desired location for cutting the tubular or performing other functions is determined, the anchoring tool, along with the chemical cutter or other tools, is lowered into the bore of the tubular until the predetermined position is reached. Thereafter, an ignitor expands pressure propellants, positioned within the body of the anchoring tool, and produces pressure which causes anchoring slips to anchor the tool and any associated equipment within the interior of the tubular.