My Favourites/ My Favorites: Drag and drop labels to saved items
It would be helpful to users if they could drag and drop existing labels to add them to records they've 'pinned' in My Favourites.
Once you have a large number of pinned items and labels drag and drop would be quicker and easier than opening the 'edit labels' block for each record.
Sandi Parks commented
This would be a simpler, more direct and speedier way to move items to a tag