Featured Image: Refactor "settings" panel to use ToolsPanel

[Juzar10]

What?

refactor the settings panel to use ToolsPanel components

Why?

As per: #67940

Before

After

[github-actions]

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Co-authored-by: Mamaduka <[email protected]>

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[github-actions]

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[Mamaduka]

Thanks for contributing, @Juzar10!

@akasunil started working on this refactoring a couple of weeks ago, and it seems ready to be merged with #67456.

We can close this PR.