I would like to thank @FeralFlora for the original template. It is great in its own way and can produce a lot of output. However, I prefer a minimal approach, as there was a lot of redundant content for me. Moreover, I faced a problem with annotations not being copied when the HEX code of the color changes. Therefore, I modified the template to suit my preferences and fix the color issue by now checking the colorCategory instead of the HEX code itself (tested in Zotero 7 beta).
I hope this helps someone out there. To learn how to use it, please visit the original template gist.
The file below, named literatureNoteTemplate.md, is the template file.
PS. I would also like to share how I color-code my annotations below:
🟡 Important
🔴 Weaknesses and caveats