"PasteApply" is a front end token that pastes the contents of the Clipboard over the selection and substitutes the selection into any \[SelectionPlaceholder characters in the Clipboard data.
This token is equivalent to the menu command Edit Paste As Paste and Apply.
To execute a front end token, you typically evaluate a command of the form FrontEndExecute[FrontEndToken[token]].
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"PasteApply" is a front end token that pastes the contents of the Clipboard over the selection and substitutes the selection into any \[SelectionPlaceholder characters in the Clipboard data.
Paste As 
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