Whatever the recording, audio just wants to be heard: the trick is picking a shape that plays where you need it. It was born in wherever your microphone, DAW or download came from, and its real weak spot is nothing in particular; the limits belong to whichever format it happens to be wearing.
MP4 is the world's default video: the file that plays before anyone has to think about it. A container, most often carrying H.264 or H.265 video with AAC audio. That makes it the right destination when what you need is playing everywhere: browsers, phones, TVs, editors, slide decks.