In case you’re not aware, the latest version of Excel absolutely DOES have that setting (mentioned elsewhere here in the comments). While it’s wild that it took so long, it’s now a solvable problem and everyone should know about it (and upgrade)!

windows does not have any built in way to take screenshots with the mouse cursor

Whilst this comment isn’t really related to the popup itself, why couldn’t you use the native screenshot capability (e.g. Snipping Tool)? It’s entirely navigable by mouse cursor if you want, and available to every Win10/11 user. I’m not sure what other type of problem / limitation you’re trying to describe here…