You can achieve a similar effect by selecting a current bitmap/object and then Alt/Option + Left Clicking another object/bitmap's preview thumbnail (in the Layers window), from any layer, to create a marquee/magic wand selection of that object/bitmap.
E.g. You have a circle path in Layer 1 and a rectangle bitmap in Layer 2. With the rectangle bitmap (in Layer 2) selected, Alt/Option + Left Click the circle path preview thumbnail of the circle, a marquee will appear in the shape of the circle path.
Note: This trick only works when you have you either select or currently have a bitmap object selected. (i.e., selecting a path and another path will not work, but a bitmap and a text object will work.)
Alternatively, you can save/retrieve a marquee selection via:
- Select > Save Bitmap Selection
- Select > Restore Bitmap Selection (You can also invert the selection here)