WMV is a time capsule from the Windows XP years: tidy little files with dated manners. It was born in 1999, Microsoft, and its real weak spot is everything Apple, most browsers, and any phone made this decade.
WAV is audio with nothing taken away: every sample intact, every megabyte accounted for. Raw PCM samples in a RIFF wrapper. No compression of any kind. That makes it the right destination when what you need is recording, editing and mastering, where every last bit matters.