Meaning of the word utilized in English

What does utilized mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

utilized

US /ˈjuːtəlaɪzd/
UK /ˈjuːtəlaɪzd/

Verb

to make practical and effective use of

Example:
The company utilized new technology to improve efficiency.
We should utilize all available resources.