It wasn't clear for me what the hell is a "Global Shortcut" I heard the term first time in my life, I found the answer in the upstream PR:
It's designed so that applications can register actions that can be triggered globally (i.e. regarless of the system's state, like focus).
It's strange it wasn't possible until now, or the main thing it's now DE independent?
On Gnome I use Run or raise extension, and with this I can run or switch to running apps with global shortcuts, so this was definitely working from Gnome extensions.