To make a long story short, when we write $c = 299792458$ meter/second, then the number 299792458, while in principle just an arbitrary number that defines the meter relative to the second, can be interpreted as a physical measure of the human body just like the number 25 appears in the expression 25 kg/meter^2 for the threshold BMI that separates overweight people from people with a normal weight. This is because the way we chose to define the meter in terms of the second such that it is compatible with older definitions that used the meter to express lengths, which was chosen to be a length of the same order has the human body. The modern definition of the second makes this time interval have pretty much the same value as the old definition that introduced the second as a small unit of time as perceived by us.
Now, the speed of light itself is not a physical constant from the point of view of fundamental physics, as Michael Duff explains in detail here. The general issue here is that given some set of laws of physics in the form of mathematical equations, you are always free to redefine the variables by multiplying them by constants, or perform more complicated mathematical transforms. The extra constants that then appear as a results of these transforms, obviously have nothing whatsoever to do with fundamental physics. But the transforms can be useful as a mathematical technique to describe certain scaling limits of the theory.
I show here how you can derive the classical limit of special relativity using a scaling argument. I work in natural units, I never depart from that, and yet a constant that I call c does appear, but it is a dimensionless scaling parameter. I then cannot put it in equations using dimensional arguments, because everything is dimensionless and remains so. Rather, I have to put it in the right places based on the scaling limit that I want to study.
The actual value of $x=299792458$ in the expression
$$c = x \frac{\text{meter}}{\text{second}}$$
is thus purely a matter of defining the meter and the second. The value of $c$ itself is 1 and that's not a mere convention, any more than measuring heights in the same units as distances parallel to the Earths surface is a "mere convention". Then since $c = 1$ means that:
$$x = \frac{\text{second}}{\text{meter}} $$
So, the SI value of $x$ is simply the factor by which the second is scaled relative to the meter (here we discard the notion that lengths and time intervals should have different dimensions). Now the choice of the two different units for distances in the temporal and the spatial directions is motivated by making relevant physical expressions for humans be of order unity. So, the meter is the length of a big step we can take and the second is one small step in the time direction that we can readily perceive. So, the value of $x$ is a measure of us humans just like the the average waist to height ratio is.
As far as perceptions are concerned, the second is perhaps more analogous to the millimeter, so the number $2.99792458\times 10^{11}$ is a measure of how much more resolving power we have in the spatial direction compared to the temporal direction.