In a scenario where you are working with a large Delta Lake table that is frequently queried for analytics, you notice that query performance is not meeting the expected benchmarks. After analyzing the situation, you consider implementing Z-Ordering to optimize the data layout. Given the constraints of minimizing storage costs while maximizing query performance, and the requirement to comply with data governance policies, which of the following best describes the role of Z-Ordering and its impact on the query execution process? Choose the best option from the four provided.