You may already know this, but you can type folder names in the link (but you have to type the whole path without much help, which may be why you find hopeless). There’s a feature request or two asking to improve that (by for example using Tab to complete folder paths) which you can upvote.
In my experience apps in general just don’t support this as well as they should, so personally I’ve given up on it and only use unique names in my vault. As a side benefit, my note names tend to be clearer now. (I realize this may still sound unappealing.)