I was able to solve this issue by turning off the Plugins option in the iCUE software settings.
This is what my task manager looked like before turning off the plugins option.
Open the iQUE software > Settings > click on the Plugins toggle so it is off.
It should look like this.
The useage dropped in less than a minute once I turned it off and the idol temp dropped down to a consistant 36C.
My system specs are:
AMD Ryzen 9 5900X 3.7 GHz 12-Core Processor
Asus ROG Strix X570-E Gaming ATX AM4 Motherboard
Corsair Vengeance RGB RS 32 GB (4 x 8 GB) DDR4-3600 CL18 Memory
NZXT Kraken Z73 73.11 CFM Liquid CPU Cooler
Inland 1TB Performance 1 TB 4thGEN M.2-2280 NVME Solid State Drive
EVGA GeForce GTX 1070 Ti 8 GB SC GAMING ACX 3.0 Black Edition Video Card (will be replaced soon)
EVGA 750w power supply