Yes, LUTs are widely used in color grading. LUTs offer a range of possibilities for color grading, from subtle adjustments to dramatic transformations. They can be used to emulate specific film stocks, create cinematic looks, enhance contrast and saturation, or even achieve stylized effects. With the help of LUTs, video editors have a powerful tool at their disposal to elevate the visual quality and storytelling impact of their projects through precise and creative color grading techniques.