Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
Controlled Folder Access is still maturing and the best way for users to overcome scenarios like this is to just disable it. Its not gonna be the end of your world. Its really to protect against ransomware. Considering, prior to 2016, over billion Windows users never had ransomware protection for nearly 30 years in Windows, I am sure you can live without.
It needs work.
Open Windows Defender Security Center
Click Virus & threat protection
Click Virus & threat protection settings
Scroll down to Controlled folder access
Toggle it off
in later versions
Open Windows Defender Security Center
Click Virus & threat protection
Click Ransomware protection
Toggle off Controlled folder access