AFAIK almost any “advanced” document editing app will work, eg OpenOffice Writer.
Now, if you were asking about the related function “DragNDrop” that’d be something more special and likely would be supported only within an application suite if at all unlike CutNPaste which likely requires only Clipboard support.
it depends on the desktop; KDE has Klipper which stores the last half a dozen cuts and allows you to paste any of them. I find that some applications clear the cut buffer as part of some actions, so losing the last cut from another application. In this case, I can usually find it in Klipper’s history.