You can. Dielectric keeps moisture away. I've talk with the makers of Dielectric grease like CRC. They said the first thing they learn, is the D. grease will not conduct current. They say it would take more than 400 volts to do so. That all it does is keep moisture off and which helps prevent oxidation. Biggest thing is
do not overfill reservoir or spill brake fluid on reservoir. It travels down the sides of res and master. Brake Fluid then get into boot of wires and attracts moisture. This is number one cause of booster motor failure IMHO. No 2 is vent at bottom of pump gets clogged/plugged. No 3 is excessive run times, due to pressure lose. Loose motor and loose brakes.
The real biggie in expense. Is screeching with air bubble at front of reservoir. New brake master is then needed. Best protection is frequent flushing, to protect seals. The question is. What fluid is best?