This format is used to create images without compression on Nikon Coolpix cameras. The created RAW files contain electronic data from the camera sensor. It is able to save more data compared with compressed photos. With NRW files you can set the exposure, white balance and other settings while preserving all the details in the image.
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.