TopoJSON needs a library to unpack it, and not every GIS tool reads it. CSV is plain text that every spreadsheet, database and script can read. TopoJSON is at home in compact boundary maps for the web; CSV is the usual choice for moving tabular data between systems.
Every format is read into plain GeoJSON features and written out from there, so coordinates, names and properties carry over wherever the target has a place for them. Every object in the topology is expanded back into ordinary shapes. Each point, and each vertex of a line, becomes one row with name, lat and lon columns, plus elevation and time when the data has them. Areas cannot be written as rows, so a file with polygons is refused. Text that starts with =, +, - or @ is escaped so a spreadsheet does not run it as a formula.