Add default list layout for favorites (list of all items added to favorites) and insert in to blank.
Use output of Name, description and url only

Rename CRM > Favorites to CRM > Add to Favorites Button
- Add itemId param. Add item search to the field if source selected.
-- preset by {{this.id}} (similar to how it works on add to cart component https://prnt.sc/10vbyya)
- Remove limit param from this area (it only makes sense for favorites list toolbox)
Add CRM > Favorites list
- Preset list layout (https://prnt.sc/10vbu8z):
-- /cms-assets/layouts/favorites/list.layout