Dry white vermouth - for all the reasons mentioned above, and also because it's economical - a bottle of Martini & Rossi or Noilly Pratt typically costs under $10, and goes a long way.
Depends what you are making. For deglazing a pan, making a sauce, doing a risotto, and similar savory activities, you could substitute chicken or vegetable stock or, for that matter, just plain water.
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drink white wine, it takes up fridge space!
Dry vermouth may used in sauces. I've used it several times and the sauces were perfect