An ellipse is a useful object and one that is virtually impossible to create freehand. The Ellipse Tool takes the hassle out of creating circles and ellipses.
Settings
The following settings can be adjusted from the context toolbar:
Doughnut—Swaps the ellipse for a doughnut shape.
Pie—Swaps the ellipse for a pie shape.
To Curves—converts the selected object into a series of connected lines and nodes.