That’s actually why I’ve been installing 7-zip (which is multithreaded) on new Windows installs for the past several years: with the explosion of cores available in consumer hardware, the gulf in speed between single-threaded and multi-threaded is vast in this particular case.
With my Ryzen 5950X tower 7-zip will have ripped through an archive while the built-in decompressor is still plodding along. The difference while not quite as large is still significant on CPUs with fewer cores like the 5900X and 12700k.