"PasteApply"

"PasteApply" is a front end token that pastes the contents of the Clipboard over the selection and substitutes the selection into any \[SelectionPlaceholder characters in the Clipboard data.

This token is equivalent to the menu command Edit Paste As Paste and Apply.

To execute a front end token, you typically evaluate a command of the form FrontEndExecute[FrontEndToken[token]].