Only for your user, and it means a keylogger on the system if it gets rooted can't pull your password to try on other machines. Personally I always either login as root or use passwordless sudo.
Yubikeys are also surprisingly annoying when setup for the as well. A working developer just needs sudo a lot.
Realistically a "sudo button" would be handy, on the keyboard, with a display to show a confirmation pin for the request (probably also needs a deny button so you can try and identify weird ones).
