For example let's say I need a parametric model of an involute gear with a 14.5 degree pitch angle and a 0.5 inch hub with an 8-32 set screw where the OD, number of teeth, face length, and shaft diameter are all variable. It takes seconds to write the prompt and then adjust the variables to what I want whereas it would take tens of minutes to actually model even for a highly skilled drafstman.
The time savings get more extreme the more the modelling work is looking up information online. For example if I wanted a model of a lightbulb electrical connector, 95% of the work is just going to be googling. Technically you could have an LLM just tell you all the dimensions you need and then model it yourself, but that's definitely still going to be slower and you have to put in the effort to figure out what each dimension refers to. It makes sense just to cut out the middleman.
Add in the fact that CAD is in fact a difficult tool to use and learn effectively. There is a subset of the population that is very good at picturing and orientating objects in 3D space in their minds, and engineering is mostly limited to these folks. For those whose minds work differently, CAD is extremely tricky to learn. An alternate method of interacting with models that does most of the heavy lifting such that a person only needs to tweak a near complete model could be extremely helpful to many people who would like the benefits of CAD design but have struggled to learn the software. It's no different than AI generated art opening digital art to those who are not good with digital artistry software.