This format is used by Olympus cameras to create RAW images. These files record data from the camera matrix that are used to generate the image. It contains raw data about contrast, saturation, color temperature, as well as metadata. The exposure and white balance can be changed in an ORF image while maintaining the level of detail and quality of the photo.
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.