This is a format used for storing clipart images for working with CorelDRAW vector imaging. It’s used for entering separate, prepared graphical elements into a vector graphics design. It’s used as a blank template and is distributed in the form of millions of prepared cliparts which can compliment your own design.
This format is used to store small personal icons. It is used in website development to create favicons that are displayed in the address bar of the web browser as well as in satellite TV for identifying broadcast channels. It is very similar in structure to a GIF format image.