Do what works for you! The following answer is in regard to how to best support pollinators:
If you have native landscaping but there are dandelions growing that may outcompete your native species, you should cut them!
If you and a lot of your neighbors have a classic turf grass, then wildlife will indeed use dandelions for food and nesting materials. Birds use dandelions for nests, and bees will gather dandelion pollen when other pollen is not available.
https://extension.illinois.edu/blogs/flowers-fruits-and-frass/2020-04-17-welcome-dandelion-and-violets-your-lawn