This workflow action can be used as a drop-in replacement for the recipe sentences in the Simple folder generation automation.
We also recommend using the Secure Embed item view to interact with the files in the SharePoint folder after the SharePoint folder has been created for the item.
This workflow allows you to create complex folder structures and also link to existing folders in SharePoint.
Here is an example workflow using the action:

How the workflow works
Here's a walkthrough video to show how the workflow feature works:
Here's another walkthrough video which shows how to create a folder based off a column value, rather than the item name.
This video shows both the workflow and also the corresponding automation: