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This .01µF polystyrene capacitor is often used in audio applications due to its low distortion factor, excellent temperature stability, and longevity. These types of polystyrene film capacitors are preferred in audio circuits for their ability to minimize signal degradation and maintain sound integrity.

Here's a more detailed explanation: this .01µF value is commonly used for coupling, bypass, and bypassing applications in audio circuits. For example, these may be used to block DC voltage from the signal path (coupling), improve the stability of circuits by bypassing high frequencies, or to improve the performance of other capacitors.