@LonLee, Thanks for posting in Q&A.
Based as I know, WIP can protect data sharing between apps.
https://video2.skills-academy.com/en-us/mem/intune/apps/windows-information-protection-policy-create
But as it is going to be end of support and the new function protect sensitive data will be in Microsoft Purview Information Protection and Data Loss Prevention
You can submit new thread in M365 forum to see if it can do this under Microsoft Purview Information Protection and Data Loss Prevention
Hope the above information can help.
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