The Windows, the Favorites folder normally contains shortcut links to your Desktop, Downloads and Recent places folder. A lot of people add other folders they use often to Favorites so it’s easier to access. Here’s how to create desktop shortcut to access Favorites from the desktop.
Right click on your desktop and go to New >> Shortcut.
Now paste the following in the location field and click Next.
No name the shortcut as Favorites and click Finish.
If you want to change the shortcut icon, right click on it and select Properties.
Then click the Change Icon button under the Shortcut tab.
Select and icon you want to use or browse to the location of a custom icon and click OK.
You can also pin it the Taskbar for easy access.
Or in Windows 8, you can pin the icon to the Start screen.