Hi @nbhat-rh
Please find my comments inline:
Thank you for the reply, Basically business wanted the ability to reference a variation of the fragment to be able to define and select the slight different content fragments.
-Consider creating a Content Fragment Model, and create a fragment which will act as default CF, wherever this CFM is being referred. More CFs can be created out of same CF Model.
Here the default CF can act as Master Variation and rest of the CFs can act as other variations.
They also want to display the title of the referenced content fragment just above the path field.
-Content Fragment Model Data Types are highly customizable and extensible. Please see below link for various possibilities:
https://github.com/AdobeDocs/experience-manager-64.en/blob/main/help/sites-developing/customizing-content-fragment-model-data-types.md
Please suggest further if you have any other solutions.
Thanks