I read in these two threads that seem dated on the status of this functionality on Magento.

Multiple actions on shopping cart price rule Applying multiple action in Cart Price Rules

Is it still possible to have a single coupon code apply a percentage discount and a specific item for free using two shopping cart rules that have the same coupon code?

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With a clean Magento install (OOTB 2.4.1 open source), you will have the following error raised when trying to save a cart rule having the same coupon code as other rule - "Coupon with the same code already exists."

So unless there is a 3rd party module or other customizations done, this is not possible.

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