A keyboard launcher is a big part of my (modern) desktop, but over on the Fediverse I recently said something about them in general:

I don't necessarily suggest that people use dmenu or some equivalent. Keyboard launchers in GUI desktops are an acquired taste and you need to do a bunch of setup and infrastructure work before they really shine. But if you like driving things by the keyboard and will write scripts, dmenu or equivalents can be awesome.

The basic job of a pure keyboard launcher is to let you hit a key, start typing, and then select and do 'something'. Generally the keyboard launcher will make a window appear so that you can see what you're typing and maybe what you could complete it to or select.

The simplest and generally easiest way to use a keyboard launcher, and how many of them come configured to work, is to use it to select and run programs. You can find a version of this idea in GNOME, and even Windows has a pseudo-launcher in that you can hit a key to pop up the Start menu and the modern Start menu lets you type in stuff to search your programs (and other things). One problem with the GNOME version, and many basic versions, is that in practice you don't necessarily launch desktop programs all that often or launch very many different ones, so you can have easier ways to invoke the ones you care about. One problem with the Windows version (at least in my experience) is that it will do too much, which is to say that no matter what garbage you type into it by accident, it will do something with that garbage (such as launching a web search).

The happy spot for a keyboard launcher is somewhere in the middle, where they do a variety of things that are useful for you but not without limits. The best window launcher for your desktop is one that gives you fast access to whatever things you do a lot, ideally with completion so you type as little as possible. When you have it tuned up and working smoothly the feel is magical; I tap a key, type a couple of characters and then hit tab, hit return, and the right thing happens without me thinking about it, all fast enough that I can and do type ahead blindly (which then goes wrong if the keyboard launcher doesn't start fast enough).

The problem with keyboard launchers, and why they're not for everyone, is that everyone has a different set of things that they do a lot and that are useful for them to trigger entirely through the keyboard. No keyboard launcher will come precisely set up for what you do a lot in their default installation, so at a minimum you need to spend the time and effort to curate what the launcher will do and how it does it. If you're more ambitious, you may need to build supporting scripts that give the launcher a list of things to complete and then act on them when you complete one. If you don't curate the launcher and throw in the kitchen sink, you wind up with the Windows experience where it will certainly do something when you type things but perhaps not really what you wanted.

(For example, I routinely ssh to a lot of our machines, so my particular keyboard launcher setup lets me type a machine name (with completion) to start a session to it. But I had to build all of that, including sourcing the machine names I wanted included from somewhere, and this isn't necessarily useful for people who aren't constantly ssh'ing to machines.)

There are a variety of keyboard launchers for both X and Wayland, basically none of which I have any experience with. See the Arch Wiki section on application launchers. Someday I will have to get a Wayland equivalent to my particular modified dmenu, a thought that fills me with no more enthusiasm than any other part of replacing my whole X environment.

PS: Another issue with keyboard launchers is that sometimes you're wrong about what you want to do with them. I once built an entire keyboard launcher setup to select terminal windows and then later wound up abandoning it when I didn't use it enough.