The Pointer Tool is for selecting, positioning and resizing shapes.
To select the Pointer Tool click its icon in the Toolkit panel, or choose menu option Edit > Select Tool > Pointer Tool (or keyboard shortcut ⌃A Control-A).
A shortcut way to select the Pointer Tool (when the Text Tool is selected) is to click anywhere on a blank page or canvas (i.e. off any shape).
Another way to select the Pointer Tool becomes available if you have one or more images selected with the Image Tool; a miniature Pointer Tool icon appears in the top right corner of each image control; simply click the icon to select the Pointer Tool. With the Pointer Tool selected, this icon is replaced by a Image Tool icon allowing you to quickly switch back and forth between the Pointer Tool and Image Tool.