So it depends upon whether you want it to conduct or not.
It's non conductive because it was developed for gas fired engines with a primary and secondary coil used with points, rotor and condenser.
It's very simply point-lube to reduce wear between the point contact and the distributer cam lobes. It's non conductive in case it gets hot
enough to "sling grease" and cause misfires in the distributor cap. If you remove and old distributor cap that ran point you'll see the residue
360 degrees below the primary and above the secondary inside the cap. 20-50,000 volts will ARC with ALL normal grease. The actual best point
grease was Neo. It was developed for Harley Davidson during WWII. They started using HDs and developed problems in the wet European
climate. Neo stopped the problems.
Strangely enough Neo was in a red squeeze Tube vs can the OP was asking about. That is a cleaner, this is used after cleaning THEN lubing the
distributor's mechanical timing advance and counterweights. It was developed for all distributer lube needs.
Dielectric grease is for a 100% ENVIRO seal between electrical connections. Mainly cars, pickups, semis and anything with physical water contact
12-24VDC don't mix with moisture very well.
Dirty water and tap water is VERY conductive where distilled water isn't.
So for your speaker connections you use a cleaner, then apply contact enhancer to the pins and pocket VERY sparingly and let it dry THEN use a
dielectric grease to seal between the pin plastic holders and the environment O2, moisture etc.
Result no green/blue goo or corrosion with copper or silver.
Hopefully you don't have gold plating, I scrape that shit off for a LOT better contact. Graphite, silver, copper, THEN gold. Seldom do you see
gold anything in automotive or HD except in BS audio for cars. LOL Fused holders and crap like that. Just for looks. As a matter of fact I've
NEVER seen gold plating used in 12-24VDC transportation connections. AND it's not because of cost either. Rhodium is another line of hooey.
LOW conductivity and WAY to hard for good contact. Lead or nickel are both better (never-seize) add copper and graphite you have Nuclear
never-seize. It STOPS galvanization scaling between unlike metals like aluminum(frame-rails) and anodized carbon steel or cast bolts and hangers.
Yup!
Regards