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The physics case of a 3 TeV muon collider stage

In the path towards a muon collider with center of mass energy of 10 TeV or more, a stage at 3 TeV emerges as an appealing option. Reviewing the physics potential of such muon collider is the main purpose of this document. In order to outline the progression of the physics performances across the stages, a few sensitivity projections for higher energy are also presented. There are many opportunities for probing new physics at a 3 TeV muon collider. Some of them are in common with the extensively documented physics case of the CLIC 3 TeV energy stage, and include measuring the Higgs trilinear coupling and testing the possible composite nature of the Higgs boson and of the top quark at the 20 TeV scale. Other opportunities are unique of a 3 TeV muon collider, and stem from the fact that muons are collided rather than electrons. This is exemplified by studying the potential to explore the microscopic origin of the current $g$-2 and $B$-physics anomalies, which are both related with muons.