Modder ‘devpieron’ has released, in my opinion, a must-have mod for Fallout 4 that adds a wheel menu to fast use/equip your ingestibles (chems, food, etc), grenades, mines or anything you want. Now what’s really cool here is that all menu sections are configurable, meaning that you can alter the wheel menu to your liking.
Whenever players open the wheel menu, the time slows down (so you can have more time to explore it). What this ultimately means is that players won’t have to open pipboy just to change grenade or check what they had previously equipped.
Do note that this mod requires DEF_UI (Or Horizon since it includes DEF_UI), Mod Configuration Menu (Otherwise you won’t be able to set hotkey to open/close menu) and Sorting mod / Horizon (optional, but without it you’ll be restricted in various menu categories).
In order to edit your wheel menu, you’ll have to edit the Interface/WHEEL_MENU/conf.xml file. To leverage tag patterns, you must have sorting mod installed or otherwise use category pattern to perform default menu sorting based on item keywords.
Those interested can download the mod from here.