Hole Tool

Ribbon menu Bodies tab Features container Hole Tool
or
(Classic) Build Bodies/Geometry Hole Tool
Creates circular holes in solid objects.
As you create a hole, you can specify its radius and depth.
 
Note:  
You cannot specify the radius and depth of a hole so that it splits the current geometry into two separate geometries.
 
For the option:
Do the following:
Radius
Enter the radius of the hole.
Depth
Enter the depth of the hole.