diff --git a/app/assets/javascripts/vue_shared/components/markdown/comment_templates_dropdown.vue b/app/assets/javascripts/vue_shared/components/markdown/comment_templates_dropdown.vue
index 966a5556d243a6a42045df23f0d6cb37f9681964..abfb92f772d5e2bfb602bbde9036219fa6d5705b 100644
--- a/app/assets/javascripts/vue_shared/components/markdown/comment_templates_dropdown.vue
+++ b/app/assets/javascripts/vue_shared/components/markdown/comment_templates_dropdown.vue
@@ -1,6 +1,7 @@
 <script>
 import { GlCollapsibleListbox, GlTooltip, GlButton } from '@gitlab/ui';
 import fuzzaldrinPlus from 'fuzzaldrin-plus';
+import { InternalEvents } from '~/tracking';
 import savedRepliesQuery from './saved_replies.query.graphql';
 
 export default {
@@ -18,6 +19,7 @@ export default {
     GlButton,
     GlTooltip,
   },
+  mixins: [InternalEvents.mixin()],
   props: {
     newCommentTemplatePath: {
       type: String,
@@ -55,6 +57,7 @@ export default {
       const savedReply = this.savedReplies.find((r) => r.id === id);
       if (savedReply) {
         this.$emit('select', savedReply.content);
+        this.track_event('i_code_review_saved_replies_use');
       }
     },
   },
diff --git a/config/metrics/counts_28d/20210427102618_code_review_category_monthly_active_users.yml b/config/metrics/counts_28d/20210427102618_code_review_category_monthly_active_users.yml
index b8c5169e93a0ca7c559e977ad680bf591f5c2992..8d1f00446d78be1d25e31ab8c29a03c62a3fd203 100644
--- a/config/metrics/counts_28d/20210427102618_code_review_category_monthly_active_users.yml
+++ b/config/metrics/counts_28d/20210427102618_code_review_category_monthly_active_users.yml
@@ -140,3 +140,4 @@ options:
     - 'i_code_review_merge_request_widget_security_reports_expand_warning'
     - 'i_code_review_merge_request_widget_security_reports_expand_failed'
     - 'i_code_review_saved_replies_create'
+    - 'i_code_review_saved_replies_use'
diff --git a/config/metrics/counts_28d/20210427103119_code_review_group_monthly_active_users.yml b/config/metrics/counts_28d/20210427103119_code_review_group_monthly_active_users.yml
index 3ec0903e363eed8fb508b226b44c815fb69f31f7..e19e0965e05443f83c60981a88ecf65f4da35198 100644
--- a/config/metrics/counts_28d/20210427103119_code_review_group_monthly_active_users.yml
+++ b/config/metrics/counts_28d/20210427103119_code_review_group_monthly_active_users.yml
@@ -145,3 +145,4 @@ options:
     - 'i_code_review_merge_request_widget_security_reports_expand_warning'
     - 'i_code_review_merge_request_widget_security_reports_expand_failed'
     - 'i_code_review_saved_replies_create'
+    - 'i_code_review_saved_replies_use'
diff --git a/config/metrics/counts_28d/20230725194658_i_code_review_saved_replies_use_monthly.yml b/config/metrics/counts_28d/20230725194658_i_code_review_saved_replies_use_monthly.yml
new file mode 100644
index 0000000000000000000000000000000000000000..5ccc10bb45778611ec280c533a31f271a47ee3fd
--- /dev/null
+++ b/config/metrics/counts_28d/20230725194658_i_code_review_saved_replies_use_monthly.yml
@@ -0,0 +1,25 @@
+---
+key_path: redis_hll_counters.code_review.i_code_review_saved_replies_use_monthly
+description: Number of unique users per month who use a saved reply
+product_section: dev
+product_stage: create
+product_group: code_review
+value_type: number
+status: active
+milestone: "16.3"
+introduced_by_url: https://gitlab.com/gitlab-org/gitlab/-/merge_requests/127442
+time_frame: 28d
+data_source: redis_hll
+data_category: optional
+instrumentation_class: RedisHLLMetric
+performance_indicator_type: []
+distribution:
+- ce
+- ee
+tier:
+- free
+- premium
+- ultimate
+options:
+  events:
+  - i_code_review_saved_replies_use
diff --git a/config/metrics/counts_7d/20210427103328_code_review_group_monthly_active_users.yml b/config/metrics/counts_7d/20210427103328_code_review_group_monthly_active_users.yml
index 6a0a14bdc2682044d8add37b90848feec01ae068..94cf3bcc63c3c646355870ed162e11a8a9e88b17 100644
--- a/config/metrics/counts_7d/20210427103328_code_review_group_monthly_active_users.yml
+++ b/config/metrics/counts_7d/20210427103328_code_review_group_monthly_active_users.yml
@@ -143,3 +143,4 @@ options:
     - 'i_code_review_merge_request_widget_security_reports_expand_warning'
     - 'i_code_review_merge_request_widget_security_reports_expand_failed'
     - 'i_code_review_saved_replies_create'
+    - 'i_code_review_saved_replies_use'
diff --git a/config/metrics/counts_7d/20210427103407_code_review_category_monthly_active_users.yml b/config/metrics/counts_7d/20210427103407_code_review_category_monthly_active_users.yml
index 18d69d8e2f7ef00e852cca36c5ade867ee82e448..a15273b156b759b3cc87103889805233e22767cd 100644
--- a/config/metrics/counts_7d/20210427103407_code_review_category_monthly_active_users.yml
+++ b/config/metrics/counts_7d/20210427103407_code_review_category_monthly_active_users.yml
@@ -138,3 +138,4 @@ options:
     - 'i_code_review_merge_request_widget_security_reports_expand_warning'
     - 'i_code_review_merge_request_widget_security_reports_expand_failed'
     - 'i_code_review_saved_replies_create'
+    - 'i_code_review_saved_replies_use'
diff --git a/config/metrics/counts_7d/20230725194657_i_code_review_saved_replies_use_weekly.yml b/config/metrics/counts_7d/20230725194657_i_code_review_saved_replies_use_weekly.yml
new file mode 100644
index 0000000000000000000000000000000000000000..6b2684eec2a0ac3b8f15958109bae4aebbedaee1
--- /dev/null
+++ b/config/metrics/counts_7d/20230725194657_i_code_review_saved_replies_use_weekly.yml
@@ -0,0 +1,25 @@
+---
+key_path: redis_hll_counters.code_review.i_code_review_saved_replies_use_weekly
+description: Number of unique users per week who use a saved reply
+product_section: dev
+product_stage: create
+product_group: code_review
+value_type: number
+status: active
+milestone: "16.3"
+introduced_by_url: https://gitlab.com/gitlab-org/gitlab/-/merge_requests/127442
+time_frame: 7d
+data_source: redis_hll
+data_category: optional
+instrumentation_class: RedisHLLMetric
+performance_indicator_type: []
+distribution:
+- ce
+- ee
+tier:
+- free
+- premium
+- ultimate
+options:
+  events:
+  - i_code_review_saved_replies_use
diff --git a/config/metrics/counts_all/20230725195335_i_code_review_saved_replies_count_use.yml b/config/metrics/counts_all/20230725195335_i_code_review_saved_replies_count_use.yml
new file mode 100644
index 0000000000000000000000000000000000000000..40599af67c104c656b26deb4406dcf195535c76f
--- /dev/null
+++ b/config/metrics/counts_all/20230725195335_i_code_review_saved_replies_count_use.yml
@@ -0,0 +1,25 @@
+---
+key_path: counts.i_code_review_saved_replies_count_use
+description: Total number of times a saved reply comment was used
+product_section: dev
+product_stage: create
+product_group: code_review
+value_type: number
+status: active
+milestone: "16.3"
+introduced_by_url: https://gitlab.com/gitlab-org/gitlab/-/merge_requests/127442
+time_frame: all
+data_source: redis
+data_category: optional
+instrumentation_class: RedisMetric
+performance_indicator_type: []
+distribution:
+- ce
+- ee
+tier:
+- free
+- premium
+- ultimate
+options:
+  event: use
+  prefix: i_code_review_saved_replies
diff --git a/spec/frontend/vue_shared/components/markdown/comment_templates_dropdown_spec.js b/spec/frontend/vue_shared/components/markdown/comment_templates_dropdown_spec.js
index 2bef6dd15df273a07ba66f12c227f8d9ac1c74b6..e4689a84900488c48976bddaac68870ad96fae81 100644
--- a/spec/frontend/vue_shared/components/markdown/comment_templates_dropdown_spec.js
+++ b/spec/frontend/vue_shared/components/markdown/comment_templates_dropdown_spec.js
@@ -1,6 +1,8 @@
+import { GlCollapsibleListbox } from '@gitlab/ui';
 import Vue from 'vue';
 import VueApollo from 'vue-apollo';
 import savedRepliesResponse from 'test_fixtures/graphql/comment_templates/saved_replies.query.graphql.json';
+import { mockTracking } from 'helpers/tracking_helper';
 import { mountExtended } from 'helpers/vue_test_utils_helper';
 import createMockApollo from 'helpers/mock_apollo_helper';
 import waitForPromises from 'helpers/wait_for_promises';
@@ -31,6 +33,10 @@ function createComponent(options = {}) {
   });
 }
 
+function findDropdownComponent() {
+  return wrapper.findComponent(GlCollapsibleListbox);
+}
+
 describe('Comment templates dropdown', () => {
   it('fetches data when dropdown gets opened', async () => {
     const mockApollo = createMockApolloProvider(savedRepliesResponse);
@@ -43,16 +49,42 @@ describe('Comment templates dropdown', () => {
     expect(savedRepliesResp).toHaveBeenCalled();
   });
 
-  it('adds emits a select event on selecting a comment', async () => {
-    const mockApollo = createMockApolloProvider(savedRepliesResponse);
-    wrapper = createComponent({ mockApollo });
+  describe('when selecting a comment', () => {
+    let trackingSpy;
+    let mockApollo;
 
-    wrapper.find('.js-comment-template-toggle').trigger('click');
+    beforeEach(() => {
+      trackingSpy = mockTracking(undefined, window.document, jest.spyOn);
+      mockApollo = createMockApolloProvider(savedRepliesResponse);
+      wrapper = createComponent({ mockApollo });
+    });
 
-    await waitForPromises();
+    it('emits a select event', async () => {
+      wrapper.find('.js-comment-template-toggle').trigger('click');
+
+      await waitForPromises();
+
+      wrapper.find('.gl-new-dropdown-item').trigger('click');
+
+      expect(wrapper.emitted().select[0]).toEqual(['Saved Reply Content']);
+    });
+
+    it('tracks the usage of the saved comment', async () => {
+      const dropdown = findDropdownComponent();
+
+      dropdown.vm.$emit('shown');
+
+      await waitForPromises();
+
+      dropdown.vm.$emit('select', savedRepliesResponse.data.currentUser.savedReplies.nodes[0].id);
 
-    wrapper.find('.gl-new-dropdown-item').trigger('click');
+      await waitForPromises();
 
-    expect(wrapper.emitted().select[0]).toEqual(['Saved Reply Content']);
+      expect(trackingSpy).toHaveBeenCalledWith(
+        expect.any(String),
+        'i_code_review_saved_replies_use',
+        expect.any(Object),
+      );
+    });
   });
 });