Default reading mó covers all the verb senses: physical grinding (
磨刀 sharpen a blade), figurative wearing-down (
磨练 temper,
折磨 torment), and the colloquial 'dawdle / pester' sense (
磨蹭). Distinguished from its homophone
摩 (hand-radical, 'rub') by the stone radical:
磨 is grinding ON a stone.