Coining words are important, because concision is important; It's also important in how it suggests other possibilities. A further thought here, is that sometimes an extension of meaning occurs without any corresponding change in the word. For example supervenes was originally used in a specific sense, but is now used almost everywhere in philosophical discourse according to the SEP - which implies a change of meaning by context.
The Category Theorist & Topologist Peter May said he spent a week thinking about what to call a new mathematical concept, the monad; whilst this is a term used by Leibniz in his Monadology as a unit of ultimate being, utilising the sense from the greek root monos (lone) and monas (unit); and which goes further back to the Pythagoreans as the Unit of Divinity, in the sense of being indivisible; it is at least lexically similar to monoid and which a monad is (in a certain precise sense). It is also connected with the word monoidal category.
This shows that top-flight mathematicians, and by extension philosophers take naming quite seriously.
One might say to bestow a name is to bestow importance, and one might view titles as an extension of naming - hence naming ceremonies in primitive & feudal societies were of significance.