Any rationale for why you did not include the ability to customize the Progress status options? "Waiting" is a basic workflow category (per David Allen, "Getting Things Done") and this is a recurring request going back to 2017 at least:
Progress field - Microsoft Tech Community
Customize task progress and priority options - Microsoft Tech Community
Wish Planner had a "On Hold" status for tasks - Microsoft Tech Community
Ability to customize the status field - Microsoft Tech Community
https://answers.microsoft.com/en-us/msteams/forum/all/planner-custom-progress-label/a010a423-135b-49f5-96e9-e6c39783bca2
https://answers.microsoft.com/en-us/msoffice/forum/all/can-you-add-to-the-standard-progress-options-in/896e882f-2463-4fd4-ad7d-6b932cc4bda0
...Plus other results from UserVoice that have been deleted.
Thank you - please update us!