MultiProfiler will extract custom measurement data from the display, placed there during display manufacturing. After adjusting the display per your requirements, it will generate an ICC profile for that condition, and inform the OS which[1] in turn will inform Photoshop/Lightroom.
[1] At least Mac OS informs Photoshop/Lightroom. I'm not sure if this is an instant even on Windows off hand or if you need to quit the app and relaunch.