Ah, I understand now.
You could probably use Karabiner-Elements and make it a Hyper key, which is Ctrl+Shift+Opt+Cmd.
Not a new key, but more convenient that pressing four modifiers.
This is how I have my caps lock mapped.
I use Karabiner Elements a lot: it’s one of the two programs without which Macs feel naked for me (the other being Keyboard Maestro). The Hyper key trick is really useful, isn’t it?
I don’t remap the Fn key because I use the function keys as functions keys, so I need Fn to get at the Brightness / Volume etc keys. I also need Caps Lock for something more important, so after some experimentation I’ve settled on using F12 as the Hyper Key, which works very well with a series of KeyBoard Maestro palettes. My full KE mappings:
Caps Lock → Control when held, Escape when tapped (I use Vim…)
Return → Control when held, Return when tapped
Both Shift Lock keys together → Caps Lock
Right Cmd swapped with Right Opt (so one of each is on the strongest thumb position)
F12 + F9 = a palette of my most common KM Global Shortcuts
I understand and agree it would be useful! I haven’t got round to FN+letter yet, but it’s only a matter of time… I’d vaguely thought of mapping Fn + the vim motion keys (there are some user-contributed packages on the KE forum), but I haven’t got around to it yet as I’ve got into the habit of using Emacs navigation keys (the Mac supplied ones and a slightly modified DefaultKeybind.dict.) instead and they work well.