Is there a dedicated recent item tool? If ButtonTool is used, it displays the "Add to Quick Access Toolbar" option...
I'm still not clear on what recent item behavior means but I'm guessing that you're asking for a tool that is similar to the things you see in the recent documents of Word where it displays a pin button. If that is the case then no that is not something currently offered. You may submit a request for this feature here.
I'm looking after a RecentItemTool (similar to ButtonTool, but with the recent item behavior).
What do you mean by a "dedicated recent item tool"?