PSMD3 (Rpn3) is an essential non-ATPase subunit of the 19S regulatory particle of the 26S proteasome required for ubiquitin-dependent proteolysis of specific substrates (PMID:10490625). It is integral to proteasome assembly and integrity: PSMD3 directly binds the deubiquitinating subunit Rpn11, stabilizes it, and is needed for its incorporation into mature proteasomes, so that loss of PSMD3 impairs 19S–20S association, reduces proteasome engagement of the shuttle factor Rad23, and causes accumulation of multiubiquitin-protein conjugates and stabilization of proteolytic substrates (PMID:21619884). Through this control over substrate turnover, PSMD3 selectively governs the proteolysis of cell cycle regulators (SCF and APC/C substrates) (PMID:10490625) and stabilizes a set of oncogenic clients—HER2 (PMID:31013812), NF-κB (PMID:33712704), and ILF3 (PMID:37337223)—by limiting their ubiquitin-dependent degradation, with knockdown redirecting HER2 toward lysosomal degradation and reducing NF-κB nuclear activity and cancer-cell survival (PMID:31013812, PMID:33712704, PMID:37337223). PSMD3 is also a binding target of the metabolite OAA, which destabilizes the m6A-reader YTHDF2 to derepress Rxrb and promote intestinal lipid absorption (PMID:41844893). Loss-of-function PSMD3 point mutations reduce its expression, trigger apoptosis of retinal pigment epithelial cells, and increase ocular axial length in knock-in mice, linking PSMD3 to pathological myopia (PMID:36948574).