Zener diodes can be effectively used in various projects, including white and pink noise generators, as alternatives to classic noise diodes that are no longer available. They serve as current sources, voltage regulators, and clippers, providing a versatile toolkit for sound effect creation. Reverse biasing a low voltage BJT transistor can yield a better noise source than a traditional Zener. Additionally, Zener diodes can limit voltage to their rated values, with variations in breakdown voltage observed due to manufacturing inconsistencies. Factors like light exposure and temperature can significantly affect the noise levels produced by Zener diodes, making them suitable for applications requiring low noise references.