Video is the heaviest thing most of us ever attach: screen recordings, camera clips, whole talks. It comes from wherever your camera, screen recorder or download made it.
MP4 is the world's default video: the file that plays before anyone has to think about it. A container, most often carrying H.264 or H.265 video with AAC audio. That makes it the right destination when what you need is playing everywhere: browsers, phones, TVs, editors, slide decks.