Our company develops Outlook Time Tracking systems and we also use plugins for Outlook using VSTO.
However, we came to the conclusion many years ago that with 7 versions of Outlook, Microsoft might one day view this to be unsustainable and rationalize their product line. We believed they would remove the Mac and PC desktop versions and replace them with local "shell" apps that run OWA, which appears to be exactly what has happened. We decided at that time to evolve our product to not need plugins. With some lateral thinking, some AI and a lot of elbow grease, we redesigned our systems to be able to work without plugins, but still work within Outlook and provide customers the same functionality.
When Microsoft announced project Monarch in 2021, we knew we had made the right choice and doubled down on our choice and added new features to automate time tracking, work with Teams and other systems to effectively create a Microsoft time tracking suite which was even better than our plugin version.
Although the loss of VSTO may appear as a sad day for end users, the security concerns are understandable. The fact that we have been able to re-engineer our solutions to provide the same functionality to our customers with a different approach I hope helps others reading this post to carry and find a way forward for your products. Our view is that this will happen to all Microsoft Office products, so if you rely on plugins, don't panic, you still have time as yoru customers will still use Classic Office products for a year or two. This should give you enough time to re-engineer your solutions.