Final answer:
Distillation is used for both the separation and purification of liquid compounds, exploiting the differing volatilities of substances to isolate them.
Step-by-step explanation:
The statement is True. Distillation is indeed utilized for both the separation and purification of liquid compounds. This physical process effectively separates homogeneous mixtures by taking advantage of the different volatilities of the component substances.
For example, when a mixture of salt and water is distilled, the more volatile substance, water, will vaporize and condense leaving the salt behind in the distillation flask. Moreover, distillation can separate mixtures of liquids with different boiling points, such as crude oil into various petroleum products or the production of alcoholic spirits like whiskey or brandy.