I use it regularly on my SPD style pedals. It stops squeaks from the cleat/pedal interface, and cleans out the gunk in the springs of the pedals. I also use it as a cleaner for hub seals. Aerosol cans have enough force to blast out the dirt and the silicone acts like a light solvent clearing away the old grease. But once its dry, there are no residual solvents to contaminate the "good grease". Silicone I think (could be wrong) is good for rubber, and so using it on the seals should not be bad. Other than that, I used real bike lube for all other parts on the bike