You should apply now, because you may not have time. If your child is under 21 at the time of filing the I-140 (Immigrant Petition for Alien Workers), then he or she will qualifies as a child. But before this form, you must file a PERM Labor Certification (which is usually approved within a year). I recently learned this myself from an article on the eb3.work website:
How the CSPA Works for Children of EB-3 Applicants . Therefore, you should start this visa process now, so that it is not too late.