Sometimes you have a lot of effects on a simple object that can be a mess. An example is when you are working with neumorphism/skeuomorphism that often needs a lot of different shadow properties.
When you have for example 6-8 different drop shadows it can be hard to locate each of them quickly, and a good internal naming system would save a lot of headache.
We have a good way to save an effect collection as a style today, but I think an internal naming feature for each effect would improve the way to fine tune and work with an effect style.
An example when it would be nice to have: A light themed effect style that needs be converted to a dark theme.
Benjamin