Why the definition matters
Higher IP3 generally indicates better strong-signal linearity, but input versus output reference, gain, frequency, and operating point must be known. The intercept is not an allowable input power.
Use the number correctly
Confirm whether the value is IIP3 or OIP3 and compare it with noise figure, filtering, and actual blocking tests for the receiver chain.
The common mistake
Feeding a receiver up to its quoted IP3 as though it were a safe maximum level.
Keep reference units, bandwidth, detector, direction, averaging, and test conditions attached to every number. Current regulator requirements and the complete installed system control RF-exposure compliance.