I am always on the hunt for something that mimics Windows' context key.
The closest I have found is for Finder:
Hit . on number pad:
enter key, move mouse to text, enter key, right click
This does not work for multiple items though.
Just updated to the new version, looks like using the key sequences function will capture the application or windows context key as 110
Would be nice if we could just get this key integrated properly. Setting it with that method to have it work as the command key was not as intuitive as I liked.