Had some time to experiment, and came up with this AppleScript/Objective-C solution that will take the file:/// as shown on your clipboard, and copy it to your Downloads folder as the same filename (without the percent encoding. The caveat is that the location of the file as your example shows, may not let you access the Word document without elevated privileges, something this AppleScript does not provide.
Copy and paste into the Script Editor, click compile, and when you are certain you have a file on the clipboard as shown previously, then run the script. It does some error checking to ensure their is a file reference on the clipboard.
use framework "Foundation"
use scripting additions
property NSPasteboard : a reference to current application's NSPasteboard
property NSFileManager : a reference to current application's NSFileManager
property NSURL : a reference to current application's NSURL
property dialog_title : "Clipboard File Copy"
set pb to NSPasteboard's generalPasteboard()
set cliptxt to (pb's stringForType:(current application's NSPasteboardTypeString)) as text
if not cliptxt = missing value then
log cliptxt as text
end if
if cliptxt does not start with "file:///" then
display dialog "File URL format not on clipboard… quitting." with title dialog_title
return
end if
set theFile to NSURL's URLWithString:cliptxt
set fileURLstatus to (theFile's absoluteURL)'s fileURL
if fileURLstatus then
set fm to NSFileManager's defaultManager()
set fname to theFile's lastPathComponent()
set userhome to (fm's homeDirectoryForCurrentUser)'s URLByAppendingPathComponent:"Downloads"
set destpath to userhome's URLByAppendingPathComponent:fname
set status to fm's copyItemAtURL:theFile toURL:destpath |error|:(reference)
if (item 1 of status) then -- true is successful file copy result
display dialog "Written to destination: " & return & return & destpath with title dialog_title
else
display dialog "Failed to write/overwrite existing destination file: " & return & return & destpath with title dialog_title
end if
else
display dialog "No file on the clipboard" with title dialog_title
end if
return
Tested on Big Sur 11.1.