It won't help you when it comes to background noise cancellation or any type of processing. For that you need something like the DBX or you can find other hardware that combos as a USB audio interface + pre-amp + processor (with comparable options to the DBX). I don't know of any offhand but maybe something exists.
Also, you can go the software route too to avoid needing any hardware (and just use a USB mic), but it gets a little more complicated. OBS supports VST plugins which is straight forward enough, but if you plan to record in other programs you won't have those effects applied.
Or you can delve into the wonderful world of software based audio redirecting where you can redirect the output of a DAW like REAPER into another app as input to capture and process audio in real time. I did this for years until the software I used stopped working due to the author dying and his license server went offline. Alternative software doesn't exist on Windows with the requirements I had so I decided to go with hardware.
The cool thing about the AT2005 mic I recommended from earlier is it has a USB and XLR connector, so you can try both out.