2) External factors (or third-party apps) are conflicting with Dropbox
Some third-party apps access files in your Dropbox folder. Dropbox may interpret this access as edits to the files, and sync these perceived changes. If a third-party app continually requests access to your files, Dropbox will continue to sync, which will in turn lead to high CPU usage.
This loop usually occurs with third-party syncing apps, backup apps, and anti-virus or security software, or when a third-party app is installed within the Dropbox folder.
To isolate a third-party app as the cause of high CPU usage, temporarily disable each third-party app in the Activity Monitor (macOS) or Task Manager (Windows), and then see if CPU usage for Dropbox decreases.