Deciding which file format you should use for your project may depend on a number of factors. First, verify compatibility above all else. If you need to transfer 3D components between software, you don’t want to waste time exporting to a file type that won’t work.
Other considerations may include the size of the exported file. This can especially be important when developing a video game or any 3D project that has specific hardware constraints. Above all, remember that file formats are created for specific reasons, so understanding your software and why each format is included will help you to make knowledgeable decisions every export.