Can you spend US dollars in Dominican Republic?

Could you elaborate on the feasibility of using US dollars in the Dominican Republic? I'm curious to know if it's widely accepted as a form of payment, especially in daily transactions and at various businesses. Additionally, I'm wondering if there are any exchange rate considerations or potential difficulties one might encounter while using US dollars in the country. I'd appreciate a concise yet comprehensive answer that highlights the key points regarding the usage of US dollars in the Dominican Republic.