The Format Hotkeys plugin introduces Google Docs-style keyboard shortcuts to streamline formatting tasks in Obsidian. Users can quickly toggle blockquotes, bulleted and numbered lists, checklists, and apply various heading styles using predefined hotkeys. Additionally, the plugin enhances existing bold and italic shortcuts by enabling them to function seamlessly across list lines and insert the cursor inside new markup when no text is selected. These features simplify and accelerate the formatting process, making it more intuitive for users to organize and structure their notes effectively.