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The "C:\Program Files (x86)" directory is typically used to store 32-bit applications on a 64-bit version of Windows. It helps separate these programs from the ones installed in the "C:\Program Files" directory, which houses 64-bit applications. This organization is crucial for compatibility purposes, as it ensures that the correct versions of libraries and executables are accessed.

You might find software like older versions of applications, drivers, or utilities that are designed specifically for 32-bit systems stored in this location.