OST or Offline Storage Files represent the user's mailbox data in offline mode on the local machine upon registration with Exchange Server using Microsoft Outlook. It is automatically created on the first use of Microsoft Outlook upon connectivity with the server. Once the file is created, the data is synchronized with the email server so that it is available offline as well in case of disconnectivity from the email server.
Docx is well-known format for Microsoft Word documents. Introduced from 2007 with the release of Microsoft Office 2007, the structure of this new Document format was changed from plain binary to a combination of XML and binary files. Docx files can be opened with Word 2007 and lateral versions but not with the earlier versions of MS Word which support DOC file extensions.
You can also convert OST into many other file formats. Please see the complete list below.