Emotions all the time. Actually, I use music to nurture an emotional state when I’m creating poetry and other writings. Or I listen to specific music when I want to be “transported” in a particular place which is particularly meaningful to me.
Most certainly it does on a personal experience plain; in those examples music and hearing in general is not very different to other senses. Emotional memory however can be stimulated through different senses from one person to another; in my personal case it's smell that evokes that part of my brain. Emotional processing is slightly different and I believe this is what @Marzia Pietrelli is referring to. If I change the question a bit to what music does to me then I would say it's communication part of my brain...it fills all the little gaps that our vocabulary are not able to convey, ideas that goes beyond the cerebral aspect...maybe an efficient way to communicate cognitive dissonance.
Thanks for sharing Sam and Marzia. My emotional memory is also triggered by smell. Interestingly, smell reminds me of people and experiences; while music reminds me of chapters of my life. Young childhood and adolescence especially