Impact of CPU L3 cache on editing softwares performance?

Hi guys 😃

Does a big CPU L3 cache improves the performance of apps like premiere pro, and after effects? helps on faster rendering and smoother video previews? What exactly is the L3 cache memory? and also, what other tasks is the L3 cache memory specifically targeted?

and for example what would be the difference from a 12mb L3 cache CPU to a 128mb L3 cache CPU like the ryzen 9 7950x3d

thank you 😄