The ability to set the destination folder to a folder you have open in a file manager window without copy-pasting the path is convenient. But at the same time, the file-management capabilities of the macOS file picker are basically non-existent (although there seem to be more right-click options in Big Sur?)
Yeah, there are file management options available via a context menu. I believe certainly keyboard shortcuts also work (Cmd-Del to send a file to the Trash/Bin, Return to rename a file, etc.).