First of all, we need to know a lot more from your setup (not only your processor), i.e. how much RAM, SSD or HDD, Raid or no-Raid, cooling (most important) and the Premiere project itself (what are you doing, are filters used etc.). Do you use GPU-Acceleration in Premiere? Also interesting, would be your overclocking settings i.e. voltage, ram-speed etc.
Adobe CC is not very buggy, it is just not well optimized for multi-cpu rendering. Many tasks in Premiere are single threaded only, i.e. stabilizing footage, most of the filters etc. , so it can be normal that CPU load drops to 1-2%. Another reason could be slow harddisks, not enough RAM etc.
You could try to render the project without overclocking and take a close look at how the CPU behaves then. Raising the voltage will generate more heat and if you dont have proper cooling, it will likely getting worse and not better.
As you see, there are a lot factors, why your CPU drops to 1-2% and we need way more info, if you want good advices.