What is the advantage of making a property of an Object as "Low cardinality"?

I have an object with only a limited number of values. I know I can tick this property as being “low cardinality” in the Ontology Manager application.

What is the advantage to have a property of an Object being a “low cardinality” ?

What is this doing ? What are the kind of operations performed ? How important is this setting ? How does this influence Workshop widget behaviors ? etc.

https://palantir.com/docs/foundry/object-link-types/metadata-render-hints#render-hints