Windows 7 (and Vista) comes with a hidden context-sensitive menu or right click menu or shortcut menu that contains Copy as Path menu item or command. Copy as Path, which appears as menu item both for files and folder right click menu, as the name implies, will copy or grab the full path or shortcut to the file or the folder with just one button press and one click. Copy as Path is useful when user want to know the full path or actual location of a file or folder located deep inside a tree of directories or network file share, but want to avoid the hassle to traverse or navigate the path, or avoid having to manually copy and paste from address bar and type the file name.
To use Copy as Path press shift while right-clicking which will reveal the hidden context menu. You will now see the Copy as Path and a couple other options. Click on Copy as Path, then you can paste the full path to the file or folder in your destination application.
Right click context menu without and with hidden menu items (appear only when press Shift key while right clicking).