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Zapier's Formatter tool allows users to convert Markdown text to HTML, making it easy to format plain text with symbols, especially useful for tasks like sending status reports or creating blog posts. The tool can be integrated into workflows using Zapier, which automates tasks between different apps. Additionally, there are various online tools and desktop applications available for converting Markdown text to HTML, such as Dillinger, Markdown Web Dingus, and Typora, offering flexibility in formatting options and user interfaces.