Pivot Tool is a tool for setting the pivot location of an object, allowing the pivot to be changed to the object's Center, Top Center, Bottom Center, or the current location of the gizmo.
Properties
Top Center
A button that sets the pivot location to the Top Center of the object.
Center
A button that sets the pivot location to the Center of the object.
Bottom Center
A button that sets the pivot location to the Bottom Center of the object.
Gizmo Location
A button that sets the pivot location to the current location of the gizmo displayed in the scene.
After moving the displayed gizmo to the desired location, clicking the Gizmo Location button sets the object's pivot to the new location of the chosen gizmo.