This essay has taken a closer look into a range of VR related applications and the variety of uses the technology holds, extending from the equipment used and the beliefs which constitute one’s predilection to accept a virtual world. An examination of applications in medicine, science, and education in addition to design and architecture have been identified, as well as the positive and negative connotations relating to the legal, social, ethical, and security perspectives related to the use of VR technology. It stands to reason that every issue discussed in this paper has illustrated a need or improvement that VR technology can provide to a business or just common individuals. While the applications are boundless, it is true that there are always risks concerning the implementation of new technology. If users respect the equipment and know what they are doing there should be no cause for any concern.