I thought the 3ms was more or less what a low-granularity clock would give you. So, not the clock that gives you nanos, but the big standard one that is useful if you just somewhat care that some timer has run out. Perhaps you use it to count frames (120fps ~ 8.3ms) or check whether some calendar event has happened.

A 333 Hz clock seems like something you might have on computers going back to those days, even if not for the CPU.