I have tried to use this Tool and I don't understand its purpose. In previous versions, it created a UserControl out of the selected controls. Now it creates a ButtonStyle for what I have seen.
How can I use this tool?
This is still a little busted in Blend 2022 but here's how you get it working (for posterity).
What happens now is you choose "Make Into UserControl" and then it pops up with a box that asks you to name it. Then, nothing happens.
Here's the fix:
For whatever reason, it silently fails if the user control doesn't exist, but it will write into one that does.