You don't need code to achieve this, native workflow is just fine.
In your wait condition, add a parallel wait until the custom_status field is not equal to Awaiting Response. Adding a parallel wait is similar to adding an "otherwise" to an IF.
A parallel wait will stop waiting when one or the other condition is met. So this will wait for 3 days or until the status is changed to something other than Awaiting Response, whichever comes sooner.
Once the wait is over, then use an IF condition to check the current value of custom_status, and only if it is still Awaiting Response do you send the email (because this tells you it must have stopped waiting due to 3 days expiring, rather than status change.