It is not, at least not any more so than other extra-curriculars. That's been a fact because I've been around a couple decades and never heard of it before (and I would have noticed because that's a box I could check).

Now it's possible it's a new thing... I can see that as being possibly a diversity filter for HR. They probably can't select for specific languages, but in the US about half the people who check that box will be spanish speakers, and about 80% of those will count for diversity.