One round within one meter of the target every three seconds out to the weapon's effective range.
As I understand it, effective range (particularly for suppression) is the overlap between potential accuracy and potential terminal effectiveness, i.e., "I think that they can hit me from here, and if they hit me it'll probably take me out." Both the big fancy scope and the big spicy round are intended to work from both angles to increase effective range.
As mentioned by whatismoo earlier, from WWI to this last weekend in Ukraine, small arms fire isn't doing most of the killing--explosives are doing most of the killing, whether they be hand grenades or FPV drones or long range fires. Assaulting a position using nothing but unsupported light infantry with rifles is a common enough Russian tactic in Ukraine, and guess how that tends to go?
In theory, good effective range on your suppression means you can stop assaulting/infiltrating infantry at a longer range, making it harder for them to get close enough to put grenades or shoulder-fired weapons on your position. And it means that when you're on the assault (although ideally your vehicles should be doing most of the heavy lifting), you can start suppressing the defenders before they suppress you, and hopefully get close enough for your own grenades or Carl Gustavs or whathaveyou.
The arguments that more ammo is better, and that you aren't likely to sense and engage infantry with rifles at farther than 300m anyway, might both be valid--but I don't think it's hard to understand the underlying theory.