Converting Text to Lists in the Editor

I understand that in 2015, a simplified way to create list items was introduced, but in 2024, it still hasn’t been developed any further to modify existing text to format it as an UL or OL? Or if text is in a list but needs to be split or taken out of a list, there’s no way to remove the OL or UL. And there’s no HTML view to remove these tags either?

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