The difficult criteria is the ‘wet’ boiling point. And wet is defined as 3.7% water. So for a litre bottle to go off after being opened, it would need enough water in it to probably overflow the bottle. I.e. considerably more moisture than is in the air trapped in the bottle unless you open it daily in the rain. plenty of DOT 3 and DOT 4 brake fluids would perform better when dry and changed annually than 5.1 which is more of a guarantee that it will still not boil after years of neglect.
that hole is sealed from the fluid. the fluid is not vented to atmosphere.
That hole is the backside of the diagphragm/seal to change volume and allow expansion of the chamber that the fluids stored in during operations.
On a mountainbike, designed to work at any angle including upside down it is, in a car it’s usually just a hole in the cap or the body of the reservoir.
Which is why most bike brakes require you to bleed the master cylinder and reservoir, whereas on a car you just attach the gunson ezibleed, open the nipple and ignore the 1″ air gap in the reservoir.