What rel=noreferrer noopener Mean and How it Affects SEO?

I've heard adding rel="noreferrer noopener" to links helps with SEO but I'm not sure how. What exactly does this attribute do.. How does it impact search engine crawling and ranking factors? Are there any downsides to adding it? I want to understand if and when it's beneficial to implement this attribute for on-page optimization.

"rel=noreferrer noopener" is an HTML tag used in links to enhance privacy and security by preventing the transmission of referrer information and protecting against the potential exploitation of the window. opener object. Indirectly, it may lead to improved engagement metrics and search rankings over time, even if it doesn't directly impact SEO rankings.