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A .bin file is sort of a universal file for binary file. So it can be anything from a rom for an emulator, to image/sound data for a game. There are a few widely used utilizations for .bin files. One of them is CD images.
The .bin extension is commonly used with CD and DVD backup image files and certain anti-virus programs. The BIN files contain binary code that is used by the different applications on your computer. In some cases, the BIN files are saved in basic binary format and can be opened with a text editor. However, there are some BIN files that are created by certain computer applications, such as Roxio Creator, that must be opened with the software that it was created with or with a compatible software application.