Everywhere? Perhaps not.
Your problem is likely dust and/or corrosion in and between moving parts and contacts. Behind all the switches and knobs on the front are switch bodies that house some sorts of internal assembly. The volume and balance controls are often the culprits.
Getting in there is the first thing that I would try. The red tube attachment will help you get a fine stream where you need it. I glanced at a couple of the reviews when I sent the link and was amused to see that one guy actually drilled tiny holes into the switch bodies to be able to squirt into them.
But yes, the simplified answer is that it is a solvent that flushes, dissolves, and evaporates leaving little or no residue behind.