Can’t see the benefit. Wax removes oxidized paint through heat and abrasives, then you wipe it off. Unless it helps blend in what you don’t wipe off? 😆
That isn't how wax works. You may be thinking of a polish or cutting compound. Straight wax goes on and, after buffing, a thin film is left behind, protecting the paint and making it look shiny.
FWIW I have used a tinted wax, which had the effect of minimising the "bush pinstriping" on the vehicle. It did work, though the effect was of course only temporary. It has been a while though.