Chord progressions can be used to create a variety of musical effects. For example, a simple I-IV-V-I progression (also known as a "perfect cadence") creates a sense of resolution, while a more complex progression like I-vi-IV-V-I (known as a "plagal cadence") can create a more unsettled feeling. The harmonic color of a chord progression can also be used to create different moods or atmospheres in music.
In modern music, chord progressions are often used in popular, jazz, and classical music. They can be found in a wide variety of songs and pieces, from simple folk songs to complex symphonies.