Possible workaround
I have wanted this feature as well. This updated version of this auto-linking tool seems like a good workaround, based on the description.
It will take your aliases in frontmatter, and make them working links. For example, if phone is an alias in smartphone.md, phone will become [[smartphone|phone]]
Thus, it makes your aliases “working links”.
(At least based on my understanding of this tool. I haven’t tried it out yet.)
Seems like it modifies using your clipboard, though, so you may need this.