Why do people use port 3000?

Could you elaborate on the reasons why individuals and organizations choose to utilize port 3000 in their networking configurations? Is it due to its widespread adoption as a default port for certain software applications, or does it offer specific benefits that make it a preferred choice for hosting services? Are there any security implications or considerations that one should be aware of when utilizing port 3000? Additionally, how does the decision to use port 3000 compare to other commonly used ports, and what factors influence this choice?