For the most valuable and dangerous mobs (see the full list), a plain activation item isn't enough. You need to capture the mob's soul by really killing it at least once.
Glass Bottle + Soul Sand
The filled Soul Bottle follows the same rule as any other activation item: good for a limited number of production cycles (64 by default) before it runs out. After that, just capture another.
The bottle's model swaps automatically between its empty look and a glowing, essence-filled look once a soul is captured.