When you are teeing off on a par four or par five hole, you would normally use a driver. In the rough, it is appropriate to select an iron. Within 60 yards of the green, select a wedge. On the green, always use your putter.
Many factors will determine your club preference in each situation, but in general, you use a wood when you want greater than 200 yards, you use an iron from 110 to 200, a wedge below 110, and a putter on the green.
It all depends on the distance you want to hit the ball. If you are teeing off on a par four or five, you will probably want to use a driver. If in the fairway, an iron or a fairway wood, depending on the distance.
It depends on how hard you hit the ball, your age, etc. , but the higher the club, the longer the distance you should get out of your shot. Thus, 125 yards out, 8 iron, 250 yards out, 3 iron, etc.