Common applications of virtual reality in businesses include training, simulation, and marketing. In training, VR provides immersive environments for employee skill development, allowing realistic practice scenarios without real-world risks. In simulation, businesses model complex systems or processes to visualize outcomes effectively. Marketing utilizes VR to create engaging experiences, enabling customers to interact with products virtually, thereby enhancing brand engagement and understanding. Industries like healthcare, automotive, and real estate leverage VR for tailored experiences that improve learning, decision-making, and customer interaction.